Two Sigma Advisers LP Sells 66,097 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Two Sigma Advisers LP cut its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 61.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 41,100 shares of the real estate investment trust’s stock after selling 66,097 shares during the quarter. Two Sigma Advisers LP’s holdings in Retail Opportunity Investments were worth $713,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ROIC. JPMorgan Chase & Co. increased its holdings in shares of Retail Opportunity Investments by 58.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock valued at $56,161,000 after acquiring an additional 1,196,057 shares in the last quarter. Nexpoint Asset Management L.P. bought a new stake in shares of Retail Opportunity Investments during the fourth quarter valued at approximately $50,490,000. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $41,309,000 after acquiring an additional 32,429 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Retail Opportunity Investments by 54.8% during the fourth quarter. Northern Trust Corp now owns 2,226,804 shares of the real estate investment trust’s stock valued at $38,657,000 after acquiring an additional 788,156 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Retail Opportunity Investments during the fourth quarter valued at approximately $27,343,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on Retail Opportunity Investments in a report on Wednesday, May 21st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Retail Opportunity Investments has an average rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Trading Up 0.1%

Shares of Retail Opportunity Investments stock opened at $17.51 on Tuesday. The stock has a fifty day simple moving average of $17.51 and a 200 day simple moving average of $17.47. Retail Opportunity Investments Corp. has a 12-month low of $12.08 and a 12-month high of $17.52. The company has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04.

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.