Invesco Ltd. Sells 7,868 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Invesco Ltd. lessened its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 559,279 shares of the real estate investment trust’s stock after selling 7,868 shares during the period. Invesco Ltd. owned about 0.43% of Retail Opportunity Investments worth $9,709,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Natixis Advisors LLC grew its holdings in shares of Retail Opportunity Investments by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 26,197 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 648 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Retail Opportunity Investments by 8.9% during the fourth quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 832 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Retail Opportunity Investments by 6.5% during the fourth quarter. Bank of Montreal Can now owns 14,426 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 884 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Retail Opportunity Investments by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock valued at $3,208,000 after acquiring an additional 972 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Retail Opportunity Investments by 1.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 67,602 shares of the real estate investment trust’s stock valued at $1,174,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a research note on Saturday, April 19th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Retail Opportunity Investments currently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

Shares of ROIC opened at $17.51 on Thursday. The stock’s 50-day moving average price is $17.51 and its two-hundred day moving average price is $17.20. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. The company has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04.

About Retail Opportunity Investments

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.