Thrivent Financial for Lutherans Has $1.72 Million Stock Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Thrivent Financial for Lutherans lessened its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,774 shares of the real estate investment trust’s stock after selling 1,314 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Retail Opportunity Investments were worth $1,715,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in Retail Opportunity Investments in the fourth quarter worth approximately $27,343,000. Alpine Associates Management Inc. acquired a new position in shares of Retail Opportunity Investments during the fourth quarter worth approximately $23,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock worth $14,979,000 after purchasing an additional 711,835 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Retail Opportunity Investments in the 4th quarter valued at $10,416,000. Finally, New York Life Investment Management LLC bought a new stake in Retail Opportunity Investments during the 4th quarter valued at $6,389,000. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Retail Opportunity Investments in a research note on Wednesday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Retail Opportunity Investments currently has an average rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Stock Performance

Shares of ROIC stock opened at $17.51 on Friday. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52. The company has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The firm has a 50-day moving average of $17.49 and a 200-day moving average of $16.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

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.