Great West Life Assurance Co. Can Invests $3.51 Million in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Great West Life Assurance Co. Can acquired a new position in Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 255,129 shares of the real estate investment trust’s stock, valued at approximately $3,510,000.

Several other institutional investors have also recently made changes to their positions in ROIC. Jennison Associates LLC raised its stake in shares of Retail Opportunity Investments by 86.8% in the third quarter. Jennison Associates LLC now owns 3,869,038 shares of the real estate investment trust’s stock worth $53,238,000 after buying an additional 1,798,180 shares during the period. State Street Corp raised its stake in shares of Retail Opportunity Investments by 11.9% in the first quarter. State Street Corp now owns 7,382,667 shares of the real estate investment trust’s stock worth $144,090,000 after buying an additional 787,907 shares during the period. Weiss Multi Strategy Advisers LLC bought a new position in shares of Retail Opportunity Investments in the first quarter worth about $11,958,000. Invesco Ltd. raised its stake in Retail Opportunity Investments by 105.1% during the 1st quarter. Invesco Ltd. now owns 902,047 shares of the real estate investment trust’s stock valued at $17,490,000 after purchasing an additional 462,163 shares during the period. Finally, Long Pond Capital LP bought a new stake in Retail Opportunity Investments during the 2nd quarter valued at approximately $7,214,000. Institutional investors own 95.51% of the company’s stock.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $15.59 on Tuesday. The stock has a market capitalization of $1.94 billion, a PE ratio of 38.98, a P/E/G ratio of 2.26 and a beta of 1.32. The business has a 50 day simple moving average of $15.15 and a two-hundred day simple moving average of $15.54. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.12 and a quick ratio of 1.12. Retail Opportunity Investments Corp. has a 1-year low of $13.35 and a 1-year high of $20.00.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TheStreet downgraded Retail Opportunity Investments from a “b-” rating to a “c+” rating in a research note on Tuesday, October 25th. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 4th. StockNews.com assumed coverage on Retail Opportunity Investments in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, BTIG Research downgraded Retail Opportunity Investments from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.00.

Insider Transactions at Retail Opportunity Investments

In other news, Director Laura H. Pomerantz sold 6,425 shares of Retail Opportunity Investments stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $15.55, for a total value of $99,908.75. Following the completion of the transaction, the director now owns 59,704 shares in the company, valued at approximately $928,397.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Retail Opportunity Investments Company Profile

(Get Rating)

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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.

Further Reading

Want to see what other hedge funds are holding ROIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating).

Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

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