New York State Common Retirement Fund Trims Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

New York State Common Retirement Fund lowered its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 34.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 65,798 shares of the real estate investment trust’s stock after selling 34,645 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Retail Opportunity Investments worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ROIC. Principal Financial Group Inc. raised its holdings in shares of Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after acquiring an additional 75,803 shares in the last quarter. Geode Capital Management LLC increased its position in Retail Opportunity Investments by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock valued at $51,776,000 after purchasing an additional 24,421 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Retail Opportunity Investments by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after purchasing an additional 85,037 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock worth $14,979,000 after purchasing an additional 711,835 shares in the last quarter. Finally, Strategy Asset Managers LLC lifted its position in shares of Retail Opportunity Investments by 57.7% in the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after purchasing an additional 320,520 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. BMO Capital Markets upped their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a report on Friday, November 8th. Robert W. Baird restated a “neutral” rating and issued a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, StockNews.com assumed coverage on Retail Opportunity Investments in a report on Sunday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Price Performance

ROIC stock opened at $17.51 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a 50 day moving average price of $17.44 and a 200-day moving average price of $16.66. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.52. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Retail Opportunity Investments Profile

Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.