Trans Canada Capital Inc. Invests $4.86 Million in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Trans Canada Capital Inc. purchased a new stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 279,722 shares of the real estate investment trust’s stock, valued at approximately $4,856,000. Retail Opportunity Investments comprises 0.5% of Trans Canada Capital Inc.’s holdings, making the stock its 7th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth approximately $27,343,000. Alpine Associates Management Inc. purchased a new stake in Retail Opportunity Investments in the fourth quarter worth $23,436,000. JPMorgan Chase & Co. boosted its holdings 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 in the last quarter. Norges Bank purchased a new position in Retail Opportunity Investments during the 4th quarter valued at $19,214,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 valued at $14,979,000 after purchasing an additional 711,835 shares during the period. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

Shares of Retail Opportunity Investments stock opened at $17.51 on Tuesday. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. The firm has a market capitalization of $2.26 billion, a P/E 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. The business has a fifty day simple moving average of $17.49 and a two-hundred day simple moving average of $16.99.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a research note on Wednesday, March 26th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, Retail Opportunity Investments currently has a consensus rating of “Hold” and a consensus price target of $16.20.

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.