Cibc World Markets Corp Acquires New Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Cibc World Markets Corp bought a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,600 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Retail Opportunity Investments by 1.3% in the third 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 purchasing an additional 75,803 shares during the period. Geode Capital Management LLC grew 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 valued at $51,776,000 after buying an additional 24,421 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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 acquiring an additional 32,429 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Retail Opportunity Investments during the 4th quarter worth about $27,343,000. Finally, Alpine Associates Management Inc. acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter worth approximately $23,436,000. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Price Performance

ROIC stock opened at $17.51 on Thursday. The stock has a 50-day simple moving average of $17.49 and a 200-day simple moving average of $16.92. The firm has a market cap 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 quick ratio of 1.92 and a current ratio of 1.92. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.52.

Analyst Ratings Changes

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