1 week Ago By Defense World Staff
Geode Capital Management LLC decreased its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC – Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 3,277,049 shares of the real estate investment trust’s stock after selling 13,924 shares during the quarter. Geode Capital Management LLC owned about 2.54% of Retail Opportunity Investments worth $56,902,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new stake in Retail Opportunity Investments in the fourth quarter worth approximately $27,343,000. Alpine Associates Management Inc.
acquired a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at $23,436,000. JPMorgan Chase & Co. boosted its holdings in Retail Opportunity Investments by 58.
7% in the fourth 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.
Norges Bank acquired a new position in Retail Opportunity Investments during the fourth quarter worth $19,214,000. Finally, Alberta Investment Management Corp bought a new position in Retail Opportunity Investments during the fourth quarter valued at about $10,416,000. Institutional investors and hedge funds own 97.
16% of the company’s stock. Retail Opportunity Investments Trading Up 0.1 %Retail Opportunity Investments stock opened at $17.
51 on Monday. The business’s 50-day simple moving average is $17.51 and its 200-day simple moving average is $17.
11. 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 PE ratio of 38.07 and a beta of 1.45.
The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.
92. Analyst Upgrades and DowngradesSeparately, StockNews.com assumed coverage on Retail Opportunity Investments in a report on Friday.
They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average target price of $16.20.Check Out Our Latest Stock Report on ROICAbout Retail Opportunity Investments (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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.
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