Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 71.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,723 shares of the real estate investment trust’s stock after selling 59,599 shares during the period. Victory Capital Management Inc.’s holdings in Retail Opportunity Investments were worth $412,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased 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 valued at $96,072,000 after buying an additional 75,803 shares during the period. Geode Capital Management LLC increased its stake in Retail Opportunity Investments by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock valued at $51,776,000 after buying an additional 24,421 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Retail Opportunity Investments by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock valued at $41,309,000 after buying an additional 32,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Retail Opportunity Investments by 296.1% during 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 valued at $14,979,000 after buying an additional 711,835 shares during the period. Finally, Alberta Investment Management Corp acquired a new position in shares of Retail Opportunity Investments in the 4th quarter worth approximately $10,416,000. Institutional investors and hedge funds own 97.16% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Retail Opportunity Investments in a research note on Tuesday, March 18th. They issued 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 stock. Based on data from MarketBeat, Retail Opportunity Investments presently has an average rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Stock Performance

Shares of ROIC opened at $17.51 on Friday. The firm’s 50 day moving average is $17.48 and its 200-day moving average is $16.88. The stock has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. Retail Opportunity Investments Corp. has a 12-month low of $11.87 and a 12-month high of $17.52.

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.