BNP Paribas Financial Markets Sells 19,978 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

BNP Paribas Financial Markets decreased its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 47.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,918 shares of the real estate investment trust’s stock after selling 19,978 shares during the period. BNP Paribas Financial Markets’ holdings in Retail Opportunity Investments were worth $380,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Retail Opportunity Investments by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock valued at $56,161,000 after acquiring an additional 1,196,057 shares during the period. Nexpoint Asset Management L.P. acquired a new stake in shares of Retail Opportunity Investments during the fourth quarter worth about $50,490,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Retail Opportunity Investments by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock valued at $41,309,000 after purchasing an additional 32,429 shares in the last quarter. Northern Trust Corp grew its position in shares of Retail Opportunity Investments by 54.8% in the 4th quarter. Northern Trust Corp now owns 2,226,804 shares of the real estate investment trust’s stock valued at $38,657,000 after purchasing an additional 788,156 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at approximately $27,343,000. Institutional investors own 97.16% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Retail Opportunity Investments in a report on Wednesday, May 21st. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Stock Performance

ROIC opened at $17.51 on Monday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The business’s 50-day moving average price is $17.51 and its two-hundred day moving average price is $17.46. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

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.