abrdn plc Buys 17,603 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

abrdn plc lifted its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 70.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,415 shares of the real estate investment trust’s stock after buying an additional 17,603 shares during the period. abrdn plc’s holdings in Retail Opportunity Investments were worth $736,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in Retail Opportunity Investments by 1.3% in 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 purchasing an additional 75,803 shares in the last quarter. Geode Capital Management LLC increased its holdings in Retail Opportunity Investments by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock worth $51,776,000 after purchasing an additional 24,421 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 85,037 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Retail Opportunity Investments by 296.1% in the 3rd 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 purchasing an additional 711,835 shares in the last quarter. Finally, Strategy Asset Managers LLC increased its holdings in Retail Opportunity Investments by 57.7% in the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after purchasing an additional 320,520 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Analyst Ratings Changes

ROIC has been the subject of a number of recent research reports. KeyCorp cut Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird reiterated a “neutral” rating and issued a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Bank of America began coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They set an “underperform” rating and a $14.00 target price on the stock. Finally, Raymond James lowered Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Retail Opportunity Investments presently has an average rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ ROIC opened at $17.50 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average price of $17.42 and a 200-day moving average price of $16.40. Retail Opportunity Investments Corp. has a 52 week low of $11.87 and a 52 week high of $17.52. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 38.04 and a beta of 1.45.

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.