Top 5 Real Estate Stocks to Buy According to Land & Buildings Investment Management

4. Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Land & Buildings Investment Management built a large new stake in Retail Opportunity Investments Corp (NASDAQ:ROIC) during Q3, buying 2.39 million shares valued at $41.66 million on September 30. It was the fund’s only new purchase of the quarter and made ROIC its fourth-largest stock holding. Hedge fund ownership of ROIC has remained steady since jumping by 50% between the first and third quarters of 2019.

Retail Opportunity Investments Corp (NASDAQ:ROIC) completed its departure from the Sacramento market in Q3 and has lined up nearly $123 million worth of grocery-anchored commercial property acquisitions. The company’s third-quarter revenue and FFO were pretty much right in line with estimates and the company announced a special cash dividend of $0.07 per share that will be payable on January 14.