The Manufacturers Life Insurance Company Has $1.15 Million Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

The Manufacturers Life Insurance Company lowered its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 66,018 shares of the real estate investment trust’s stock after selling 1,607 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of Retail Opportunity Investments worth $1,146,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its stake in Retail Opportunity Investments by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock worth $3,208,000 after buying an additional 972 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Retail Opportunity Investments in the 4th quarter worth about $463,000. Barclays PLC raised its position in shares of Retail Opportunity Investments by 316.7% in the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after acquiring an additional 160,981 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Retail Opportunity Investments by 188.0% in 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 purchasing an additional 3,440 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Retail Opportunity Investments by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 23,477 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 2,175 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Price Performance

Shares of NASDAQ:ROIC opened at $17.51 on Wednesday. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.52. The stock’s 50 day moving average is $17.51 and its 200-day moving average is $17.38. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a research report on Tuesday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.20.

About Retail Opportunity Investments

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.