Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 11.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,820 shares of the real estate investment trust’s stock after purchasing an additional 1,421 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Retail Opportunity Investments were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROIC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 acquiring an additional 711,835 shares during the period. Strategy Asset Managers LLC boosted its stake in Retail Opportunity Investments by 57.7% during the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock valued at $13,782,000 after purchasing an additional 320,520 shares in the last quarter. Easterly Investment Partners LLC acquired a new position in shares of Retail Opportunity Investments during the 3rd quarter valued at $4,556,000. Barclays PLC raised its stake in shares of Retail Opportunity Investments by 316.7% in the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after buying an additional 160,981 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Retail Opportunity Investments by 73.9% in the third quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock valued at $3,749,000 after buying an additional 101,275 shares during the period. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Trading Up 0.2 %

NASDAQ ROIC opened at $17.47 on Friday. The firm’s 50 day moving average price is $17.41 and its two-hundred day moving average price is $16.18. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.52. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 37.98 and a beta of 1.46.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Bank of America initiated coverage on shares of Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. StockNews.com assumed coverage on shares of Retail Opportunity Investments in a report on Wednesday. They set a “hold” rating for the company. Baird R W cut Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. One 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, Retail Opportunity Investments has a consensus rating of “Hold” and a consensus target price of $16.20.

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.