Gardner Lewis Asset Management L P Takes Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Gardner Lewis Asset Management L P bought a new position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 159,893 shares of the real estate investment trust’s stock, valued at approximately $2,776,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in Retail Opportunity Investments during the fourth quarter worth approximately $27,343,000. Alpine Associates Management Inc. purchased a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $23,436,000. JPMorgan Chase & Co. lifted its holdings in shares of Retail Opportunity Investments by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock valued at $56,161,000 after acquiring an additional 1,196,057 shares in the last quarter. Norges Bank purchased a new stake in Retail Opportunity Investments during the 4th quarter worth $19,214,000. Finally, 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 valued at $14,979,000 after purchasing an additional 711,835 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Price Performance

ROIC opened at $17.51 on Friday. 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 $17.49 and a 200 day simple moving average of $16.93.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a research note on Wednesday. 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, the stock presently has an average 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.