Proficio Capital Partners LLC Purchases Shares of 22,742 Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Proficio Capital Partners LLC acquired a new stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the fourth quarter, Holdings Channel.com reports. The fund acquired 22,742 shares of the real estate investment trust’s stock, valued at approximately $395,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Retail Opportunity Investments by 117.8% during 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 during the last quarter. Smartleaf Asset Management LLC lifted its stake in Retail Opportunity Investments by 188.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 3,440 shares in the last quarter. KBC Group NV boosted its holdings in Retail Opportunity Investments by 51.7% during the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 2,053 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Retail Opportunity Investments by 78.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,122 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 3,124 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Retail Opportunity Investments by 8.9% in the fourth quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 832 shares during the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Retail Opportunity Investments in a report on Wednesday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. 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 %

NASDAQ ROIC opened at $17.51 on Wednesday. The business’s fifty day moving average is $17.49 and its 200-day moving average is $16.91. 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 stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52.

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.