Nissay Asset Management Corp Japan ADV Grows Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Nissay Asset Management Corp Japan ADV increased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,529 shares of the real estate investment trust’s stock after purchasing an additional 734 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Retail Opportunity Investments were worth $321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in Retail Opportunity Investments by 802.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 3,473 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Retail Opportunity Investments by 188.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 3,440 shares during the period. KBC Group NV raised its position in shares of Retail Opportunity Investments by 51.7% in the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,053 shares during the period. Cibc World Markets Corp bought a new stake in shares of Retail Opportunity Investments in the fourth quarter valued at approximately $201,000. Finally, Mariner LLC raised its position in shares of Retail Opportunity Investments by 7.2% in the fourth quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 795 shares during the period. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $17.51 on Monday. The company’s 50 day moving average is $17.51 and its 200-day moving average is $17.43. 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 firm has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments Corp. has a 12-month low of $11.87 and a 12-month high of $17.52.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Retail Opportunity Investments in a research report on Tuesday, May 13th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments 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.