Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stock Holdings Trimmed by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 51.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,775 shares of the real estate investment trust’s stock after selling 338,091 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.25% of Retail Opportunity Investments worth $5,551,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its stake in Retail Opportunity Investments by 0.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock valued at $3,208,000 after acquiring an additional 972 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Retail Opportunity Investments by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 23,477 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 2,175 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth $463,000. abrdn plc raised its stake in shares of Retail Opportunity Investments by 70.9% in the 4th quarter. abrdn plc now owns 42,415 shares of the real estate investment trust’s stock worth $736,000 after buying an additional 17,603 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of Retail Opportunity Investments by 11.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 13,820 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 1,421 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

Shares of NASDAQ ROIC opened at $17.51 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The stock’s fifty day simple moving average is $17.43 and its 200 day simple moving average is $16.51. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.52.

Analysts Set New Price Targets

ROIC has been the topic of a number of research reports. BMO Capital Markets boosted 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. Bank of America initiated coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective on the stock. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, StockNews.com started coverage on Retail Opportunity Investments in a report on Friday, February 14th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.