Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stock Position Lifted by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 171.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 262,585 shares of the real estate investment trust’s stock after purchasing an additional 165,712 shares during the period. Wolverine Asset Management LLC owned about 0.20% of Retail Opportunity Investments worth $4,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in Retail Opportunity Investments by 1,473.1% during the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,753 shares in the last quarter. Allworth Financial LP grew its position in Retail Opportunity Investments by 4,320.3% in the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 3,197 shares in the last quarter. Versant Capital Management Inc grew its position in Retail Opportunity Investments by 117.8% in the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Retail Opportunity Investments by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,289 shares in the last quarter. Finally, KBC Group NV grew its position in Retail Opportunity Investments by 51.7% in the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 2,053 shares in the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Price Performance

Shares of Retail Opportunity Investments stock opened at $17.51 on Friday. The firm has a fifty day simple moving average of $17.43 and a 200-day simple moving average of $16.54. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments Corp. has a 1-year low of $11.87 and a 1-year high of $17.52. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Analyst Ratings Changes

Several analysts have commented on the stock. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America assumed coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price for the company. KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research report on Friday, February 14th. They issued a “hold” rating for the company. Finally, BMO Capital Markets boosted their target price on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.