Resona Asset Management Co. Ltd. Invests $884,000 in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 50,944 shares of the real estate investment trust’s stock, valued at approximately $884,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in Retail Opportunity Investments by 117.8% during the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 1,932 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Retail Opportunity Investments by 188.0% in the 4th 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 lifted its stake in shares of Retail Opportunity Investments by 51.7% in the 4th 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. GAMMA Investing LLC boosted its position in shares of Retail Opportunity Investments by 8.9% in the 4th quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 832 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Retail Opportunity Investments during the fourth quarter worth $201,000. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

Shares of Retail Opportunity Investments stock opened at $17.51 on Friday. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. 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 market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The stock’s fifty day simple moving average is $17.51 and its 200 day simple moving average is $17.09.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a report on Friday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.20.

About Retail Opportunity Investments

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.