Nomura Asset Management Co. Ltd. Boosts Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,800 shares of the real estate investment trust’s stock after acquiring an additional 9,800 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Retail Opportunity Investments worth $2,878,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Citigroup Inc. increased its stake in Retail Opportunity Investments by 73.9% during the third quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock worth $3,749,000 after acquiring an additional 101,275 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Retail Opportunity Investments by 4.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 67,625 shares of the real estate investment trust’s stock worth $1,064,000 after purchasing an additional 2,823 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 valued at $14,979,000 after buying an additional 711,835 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in Retail Opportunity Investments by 78.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,122 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 3,124 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of Retail Opportunity Investments by 103.2% in the third quarter. Point72 Asset Management L.P. now owns 28,850 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 14,650 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a report on Thursday. They set 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 company. Based on data from MarketBeat.com, Retail Opportunity Investments has an average rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Price Performance

ROIC opened at $17.51 on Thursday. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.52. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $17.50 and a 200 day simple moving average of $17.00.

Retail Opportunity Investments Company 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.