Federated Hermes Inc. Reduces Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Federated Hermes Inc. lowered its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 61.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,797,666 shares of the real estate investment trust’s stock after selling 2,887,799 shares during the quarter. Federated Hermes Inc.’s holdings in Retail Opportunity Investments were worth $31,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Retail Opportunity Investments in the 4th quarter worth $780,000. Wells Fargo & Company MN increased its position in Retail Opportunity Investments by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 78,501 shares of the real estate investment trust’s stock worth $1,363,000 after buying an additional 15,818 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Retail Opportunity Investments in the fourth quarter worth about $884,000. Landscape Capital Management L.L.C. purchased a new position in shares of Retail Opportunity Investments during the 4th quarter valued at about $278,000. Finally, Trans Canada Capital Inc. bought a new position in shares of Retail Opportunity Investments during the 4th quarter valued at approximately $4,856,000. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $17.51 on Wednesday. The business has a 50-day moving average price of $17.50 and a 200-day moving average price of $17.06. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.52. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a research note on Thursday, April 3rd. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.20.

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.