Millennium Management LLC Raises Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Millennium Management LLC increased its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 52.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,364,688 shares of the real estate investment trust’s stock after acquiring an additional 466,985 shares during the quarter. Millennium Management LLC owned approximately 1.06% of Retail Opportunity Investments worth $23,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC raised its stake in shares of Retail Opportunity Investments by 316.7% during the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after purchasing an additional 160,981 shares during the period. Blue Trust Inc. boosted its stake in Retail Opportunity Investments by 19.8% in the fourth quarter. Blue Trust Inc. now owns 12,515 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 2,070 shares during the last quarter. KBC Group NV increased its stake in shares of Retail Opportunity Investments by 51.7% during the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 2,053 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Retail Opportunity Investments by 11.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 13,820 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 1,421 shares during the period. Finally, abrdn plc raised its holdings in shares of Retail Opportunity Investments by 70.9% in the 4th quarter. abrdn plc now owns 42,415 shares of the real estate investment trust’s stock worth $736,000 after purchasing an additional 17,603 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Up 0.1%

ROIC opened at $17.51 on Tuesday. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. The company has a market cap of $2.26 billion, a PE 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 50 day moving average of $17.51 and a 200 day moving average of $17.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a research note 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 given a hold rating to the stock. According to MarketBeat.com, Retail Opportunity Investments has a consensus 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.