Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 139.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,365 shares of the real estate investment trust’s stock after buying an additional 68,350 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.09% of Retail Opportunity Investments worth $2,037,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ROIC. Principal Financial Group Inc. increased its position in shares of Retail Opportunity Investments by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after purchasing an additional 75,803 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Retail Opportunity Investments by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock worth $41,309,000 after purchasing an additional 32,429 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Retail Opportunity Investments in the fourth quarter valued at $27,343,000. Finally, Alpine Associates Management Inc. acquired a new stake in Retail Opportunity Investments in the fourth quarter valued at $23,436,000. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a research report on Tuesday, March 18th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Retail Opportunity Investments has an average rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Stock Performance

Shares of ROIC stock opened at $17.51 on Tuesday. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. 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 stock’s 50-day moving average is $17.49 and its two-hundred day moving average is $16.91.

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.