StockNews.com Begins Coverage on Retail Opportunity Investments (NASDAQ:ROIC)

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

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ ROIC opened at $17.51 on Tuesday. 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 stock has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The firm’s 50-day moving average is $17.47 and its two-hundred day moving average is $16.81. Retail Opportunity Investments has a 12 month low of $11.87 and a 12 month high of $17.52.

Institutional Trading of Retail Opportunity Investments

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its stake in Retail Opportunity Investments by 4.8% during the fourth quarter. Captrust Financial Advisors now owns 13,640 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 622 shares in the last quarter. Natixis Advisors LLC lifted its stake in Retail Opportunity Investments by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 26,197 shares of the real estate investment trust’s stock worth $455,000 after acquiring an additional 648 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Retail Opportunity Investments by 5.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,967 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 728 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in Retail Opportunity Investments by 4.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 18,529 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 734 shares in the last quarter. Finally, Mariner LLC increased its stake in Retail Opportunity Investments by 7.2% during the fourth quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 795 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

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.