Vestcor Inc Purchases Shares of 22,690 Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Vestcor Inc acquired a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,690 shares of the real estate investment trust’s stock, valued at approximately $394,000.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Retail Opportunity Investments by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock worth $96,072,000 after acquiring an additional 75,803 shares during the period. Citigroup Inc. increased its stake 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 worth $3,749,000 after purchasing an additional 101,275 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Retail Opportunity Investments during the 4th quarter valued at $463,000. Asset Management One Co. Ltd. raised its position in shares of 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 purchasing an additional 972 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Retail Opportunity Investments by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after buying an additional 85,037 shares during the period. 97.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a report on Tuesday. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, Retail Opportunity Investments currently has a consensus rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Stock Performance

ROIC opened at $17.51 on Tuesday. The stock has a market capitalization of $2.26 billion, a price-to-earnings 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 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 has a fifty day moving average of $17.47 and a 200 day moving average of $16.81.

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.