Cbre Investment Management Listed Real Assets LLC Lowers Stock Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Cbre Investment Management Listed Real Assets LLC cut its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 64.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 581,300 shares of the real estate investment trust’s stock after selling 1,071,577 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 0.45% of Retail Opportunity Investments worth $10,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning boosted its position in shares of Retail Opportunity Investments by 6.7% during the 3rd quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 1,194 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Retail Opportunity Investments by 1,473.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,753 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Retail Opportunity Investments by 35.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,289 shares in the last quarter. abrdn plc boosted its position in shares of Retail Opportunity Investments by 10.5% during the 3rd quarter. abrdn plc now owns 24,812 shares of the real estate investment trust’s stock worth $390,000 after purchasing an additional 2,367 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Retail Opportunity Investments by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 21,302 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 2,338 shares in the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Robert W. Baird reissued a “neutral” rating and issued a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research note on Sunday. They issued a “hold” rating for the company. KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research note on Friday, November 8th. One equities research 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, the stock presently has an average rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

NASDAQ ROIC opened at $17.51 on Wednesday. The stock has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments Corp. has a fifty-two week low of $11.87 and a fifty-two week high of $17.52. The business has a 50 day moving average price of $17.44 and a two-hundred day moving average price of $16.68. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

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.