Retail Opportunity Investments (NASDAQ:ROIC) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a note issued to investors on Wednesday. The firm set a “hold” rating on the real estate investment trust’s stock.

Retail Opportunity Investments Price Performance

ROIC opened at $17.51 on Wednesday. Retail Opportunity Investments has a 1 year low of $11.87 and a 1 year high of $17.52. 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 company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The firm’s fifty day moving average price is $17.49 and its two-hundred day moving average price is $16.93.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of institutional investors have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new position in shares of Retail Opportunity Investments during the 4th quarter worth approximately $40,000. Versant Capital Management Inc increased 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 acquiring an additional 1,932 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Retail Opportunity Investments by 802.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 3,473 shares during the period. Smartleaf Asset Management LLC boosted its position in Retail Opportunity Investments by 188.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 3,440 shares during the last quarter. Finally, KBC Group NV grew its stake in Retail Opportunity Investments by 51.7% in the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,053 shares during the period. 97.16% of the stock is owned by institutional investors.

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.