Bank of America Corp DE Purchases 528,502 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Bank of America Corp DE increased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 145.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892,627 shares of the real estate investment trust’s stock after purchasing an additional 528,502 shares during the period. Bank of America Corp DE owned 0.69% of Retail Opportunity Investments worth $15,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC increased its stake in Retail Opportunity Investments by 802.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 3,473 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Retail Opportunity Investments by 188.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 3,440 shares in the last quarter. KBC Group NV raised its stake in Retail Opportunity Investments by 51.7% during the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,053 shares during the period. Cibc World Markets Corp purchased a new position in Retail Opportunity Investments in the 4th quarter worth approximately $201,000. Finally, Mariner LLC lifted its holdings in Retail Opportunity Investments by 7.2% in the 4th quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 795 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Retail Opportunity Investments in a report on Wednesday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Stock Up 0.1%

Shares of ROIC opened at $17.51 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The stock 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 Corp. has a 1 year low of $11.87 and a 1 year high of $17.52. The business’s 50 day simple moving average is $17.51 and its 200-day simple moving average is $17.45.

Retail Opportunity Investments Company 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.