Balyasny Asset Management L.P. Sells 2,223,863 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Balyasny Asset Management L.P. lessened its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 83.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 452,955 shares of the real estate investment trust’s stock after selling 2,223,863 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.35% of Retail Opportunity Investments worth $7,863,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ROIC. Natixis Advisors LLC grew its position in Retail Opportunity Investments by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 26,197 shares of the real estate investment trust’s stock worth $455,000 after acquiring an additional 648 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in Retail Opportunity Investments by 5.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 12,967 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 728 shares during the last quarter. Mariner LLC boosted its position in Retail Opportunity Investments by 7.2% during the 4th quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 795 shares during the period. Bank of Montreal Can grew its holdings in Retail Opportunity Investments by 6.5% during the 4th quarter. Bank of Montreal Can now owns 14,426 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 884 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Retail Opportunity Investments by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock valued at $3,208,000 after acquiring an additional 972 shares during the period. 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 Friday. 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 price-to-earnings ratio of 38.07 and a beta of 1.45. The company’s fifty day simple moving average is $17.51 and its 200 day simple moving average is $17.35. Retail Opportunity Investments Corp. has a 12-month low of $11.87 and a 12-month high of $17.52.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research note on Monday, May 5th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.