abrdn plc Has $308,000 Stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

abrdn plc boosted its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROICFree Report) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,899 shares of the real estate investment trust’s stock after acquiring an additional 992 shares during the quarter. abrdn plc’s holdings in Retail Opportunity Investments were worth $308,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Retail Opportunity Investments by 189.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,497 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,635 shares during the last quarter. US Bancorp DE increased its stake in shares of Retail Opportunity Investments by 29.4% during the 2nd quarter. US Bancorp DE now owns 3,856 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 875 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Retail Opportunity Investments during the 4th quarter worth approximately $92,000. UBS Group AG increased its stake in shares of Retail Opportunity Investments by 116.3% during the 4th quarter. UBS Group AG now owns 6,294 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 44,883 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Retail Opportunity Investments by 3,932.3% during the 4th quarter. Bessemer Group Inc. now owns 10,000 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 9,752 shares during the last quarter. Institutional investors own 97.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROIC. Bank of America lowered shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $15.00 to $13.00 in a research note on Monday, November 6th. StockNews.com lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Finally, KeyCorp upgraded shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price target for the company in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.00.

Get Our Latest Stock Analysis on Retail Opportunity Investments

Retail Opportunity Investments Stock Up 2.0 %

Retail Opportunity Investments stock opened at $13.83 on Wednesday. Retail Opportunity Investments Corp. has a 1-year low of $10.98 and a 1-year high of $15.71. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 47.69, a P/E/G ratio of 7.97 and a beta of 1.44. The company has a current ratio of 4.13, a quick ratio of 4.13 and a debt-to-equity ratio of 1.14. The firm has a 50 day simple moving average of $13.81 and a 200 day simple moving average of $13.25.

Retail Opportunity Investments Profile

(Free Report)

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, 2023, ROIC owned 93 shopping centers encompassing approximately 10.6 million square feet.

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

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