Vestcor Inc Invests $394,000 in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Vestcor Inc bought a new stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,690 shares of the real estate investment trust’s stock, valued at approximately $394,000.

Several other large investors also recently bought and sold shares of ROIC. Alpine Associates Management Inc. bought a new position in Retail Opportunity Investments during the fourth quarter valued at $23,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock valued at $14,979,000 after acquiring an additional 711,835 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Retail Opportunity Investments in the fourth quarter worth about $10,416,000. New York Life Investment Management LLC bought a new stake in Retail Opportunity Investments during the fourth quarter worth approximately $6,389,000. Finally, Strategy Asset Managers LLC raised its position in Retail Opportunity Investments by 57.7% during the third quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock valued at $13,782,000 after purchasing an additional 320,520 shares during the period. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ:ROIC opened at $17.51 on Tuesday. The firm has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The business has a 50 day simple moving average of $17.47 and a two-hundred day simple moving average of $16.81. 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 current ratio of 1.92 and a quick ratio of 1.92.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Retail Opportunity Investments in a report on Tuesday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.20.

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.