Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,872,537 shares of the real estate investment trust’s stock after selling 235,056 shares during the quarter. Principal Financial Group Inc. owned about 4.56% of Retail Opportunity Investments worth $101,947,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ROIC. International Assets Investment Management LLC raised its position in Retail Opportunity Investments by 1,473.1% in the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,753 shares in the last quarter. Allworth Financial LP increased its position in shares of Retail Opportunity Investments by 4,320.3% in the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,197 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Retail Opportunity Investments by 117.8% in the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 1,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Retail Opportunity Investments by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,289 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Retail Opportunity Investments by 51.7% in the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ROIC. BMO Capital Markets raised their price target on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, November 8th. KeyCorp cut Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Bank of America initiated coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They set an “underperform” rating and a $14.00 price objective for the company. Raymond James cut Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com initiated coverage on Retail Opportunity Investments in a research report on Friday, February 14th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $17.51 on Wednesday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. 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. The business’s 50-day simple moving average is $17.43 and its 200-day simple moving average is $16.51.

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.