Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 45.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,840 shares of the real estate investment trust’s stock after selling 14,799 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Retail Opportunity Investments were worth $310,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of Retail Opportunity Investments during the fourth quarter worth about $27,343,000. Alpine Associates Management Inc. purchased a new position in Retail Opportunity Investments during the 4th quarter worth approximately $23,436,000. JPMorgan Chase & Co. lifted its stake in 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 valued at $56,161,000 after acquiring an additional 1,196,057 shares during the period. Norges Bank purchased a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at $19,214,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Retail Opportunity Investments by 296.1% in the third 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. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

Shares of NASDAQ ROIC opened at $17.51 on Friday. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The company’s fifty day moving average price is $17.49 and its 200 day moving average price is $16.96. The company has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a research report 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 assigned a hold rating to the stock. Based on data from MarketBeat, Retail Opportunity Investments has a consensus rating of “Hold” and an average target price 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.