Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC reduced its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 811,554 shares of the real estate investment trust’s stock after selling 64,625 shares during the quarter. Retail Opportunity Investments makes up 2.7% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 6th biggest holding. Strategy Asset Managers LLC owned about 0.63% of Retail Opportunity Investments worth $14,089,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in Retail Opportunity Investments in the 4th quarter valued at about $27,343,000. Alpine Associates Management Inc. acquired a new stake in shares of Retail Opportunity Investments during the 4th quarter worth about $23,436,000. JPMorgan Chase & Co. lifted its stake in shares of Retail Opportunity Investments by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after purchasing an additional 1,196,057 shares during the period. Norges Bank purchased a new stake in Retail Opportunity Investments in the 4th quarter valued at about $19,214,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Retail Opportunity Investments by 296.1% during 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 during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Price Performance

NASDAQ ROIC opened at $17.51 on Friday. 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 Corp. has a fifty-two week low of $11.87 and a fifty-two week high of $17.52. The stock’s 50-day moving average is $17.49 and its two-hundred day moving average is $16.95. The firm has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a research note on Wednesday. They set 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.20.

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.