Illinois Municipal Retirement Fund Buys 1,002 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Illinois Municipal Retirement Fund grew its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,602 shares of the real estate investment trust’s stock after acquiring an additional 1,002 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Retail Opportunity Investments were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Retail Opportunity Investments by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock worth $96,072,000 after purchasing an additional 75,803 shares in the last quarter. Geode Capital Management LLC increased its stake in Retail Opportunity Investments by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock worth $51,776,000 after purchasing an additional 24,421 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Retail Opportunity Investments by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after purchasing an additional 85,037 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Retail Opportunity Investments by 296.1% during 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 worth $14,979,000 after acquiring an additional 711,835 shares in the last quarter. Finally, Strategy Asset Managers LLC grew its stake in shares of Retail Opportunity Investments by 57.7% during the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after acquiring an additional 320,520 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Trading Up 0.1 %

ROIC stock opened at $17.51 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The company has a fifty day moving average price of $17.44 and a two-hundred day moving average price of $16.65. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Wall Street Analyst Weigh In

ROIC has been the subject of several research reports. StockNews.com initiated coverage on shares of Retail Opportunity Investments in a research note on Sunday. They set a “hold” rating for the company. BMO Capital Markets increased their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Robert W. Baird reissued a “neutral” rating and issued a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Finally, Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.