Gardner Lewis Asset Management L P Takes $2.78 Million Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Gardner Lewis Asset Management L P acquired a new position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 159,893 shares of the real estate investment trust’s stock, valued at approximately $2,776,000. Gardner Lewis Asset Management L P owned approximately 0.12% of Retail Opportunity Investments at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its position in Retail Opportunity Investments by 6.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 165,800 shares of the real estate investment trust’s stock worth $2,878,000 after buying an additional 9,800 shares in the last quarter. Norges Bank acquired a new stake in shares of Retail Opportunity Investments during the fourth quarter valued at $19,214,000. JPMorgan Chase & Co. increased its position in Retail Opportunity Investments by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after purchasing an additional 1,196,057 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Retail Opportunity Investments during the 4th quarter worth about $2,630,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Retail Opportunity Investments by 11.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 84,057 shares of the real estate investment trust’s stock valued at $1,461,000 after purchasing an additional 8,308 shares during the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock opened at $17.51 on Friday. The stock has a fifty day moving average price of $17.49 and a 200 day moving average price of $16.93. Retail Opportunity Investments Corp. has a 52 week low of $11.87 and a 52 week high of $17.52. The firm 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.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research note on Wednesday. They set a “hold” rating on the stock. 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.20.

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.