Rainier Investment Management LLC cut its stake in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) by 3.1% in the 4th quarter, Holdings Channel reports. The fund owned 128,040 shares of the real estate investment trust’s stock after selling 4,160 shares during the quarter. Rainier Investment Management LLC’s holdings in Retail Opportunity Investments were worth $2,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ROIC. Nationwide Fund Advisors lifted its position in Retail Opportunity Investments by 17.5% during the second quarter. Nationwide Fund Advisors now owns 178,590 shares of the real estate investment trust’s stock worth $3,427,000 after acquiring an additional 26,630 shares during the last quarter. Amalgamated Bank raised its position in shares of Retail Opportunity Investments by 2.2% in the second quarter. Amalgamated Bank now owns 14,651 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 312 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Retail Opportunity Investments by 2.1% in the second quarter. New York State Common Retirement Fund now owns 114,700 shares of the real estate investment trust’s stock valued at $2,201,000 after buying an additional 2,399 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Retail Opportunity Investments by 1.6% in the second quarter. UBS Asset Management Americas Inc. now owns 255,753 shares of the real estate investment trust’s stock valued at $4,908,000 after buying an additional 4,050 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Retail Opportunity Investments in the second quarter valued at approximately $472,000. Hedge funds and other institutional investors own 98.25% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. KeyCorp reiterated a “neutral” rating on shares of Retail Opportunity Investments in a research report on Tuesday, October 24th. Jefferies Group set a $20.00 price target on shares of Retail Opportunity Investments and gave the company a “hold” rating in a research report on Tuesday, October 31st. Citigroup dropped their price target on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Finally, BidaskClub downgraded shares of Retail Opportunity Investments from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.

Shares of Retail Opportunity Investments Corp (ROIC) opened at $17.15 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64. Retail Opportunity Investments Corp has a 1 year low of $17.13 and a 1 year high of $22.37. The firm has a market cap of $1,936.74, a P/E ratio of 15.90, a PEG ratio of 2.15 and a beta of 0.58.

ILLEGAL ACTIVITY NOTICE: “Rainier Investment Management LLC Cuts Holdings in Retail Opportunity Investments Corp (ROIC)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/rainier-investment-management-llc-cuts-holdings-in-retail-opportunity-investments-corp-roic/1848452.html.

About Retail Opportunity Investments

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores.

Want to see what other hedge funds are holding ROIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Opportunity Investments Corp (NASDAQ:ROIC).

Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.