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

Investment analysts at StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report issued on Wednesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ 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 firm has a 50-day simple moving average of $17.49 and a two-hundred day simple moving average of $16.91. The company has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

Institutional Trading of Retail Opportunity Investments

Institutional investors and hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new position in Retail Opportunity Investments in the 4th quarter worth about $40,000. Versant Capital Management Inc grew its stake in Retail Opportunity Investments by 117.8% in the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,932 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of 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 raised its stake in shares of Retail Opportunity Investments by 188.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 3,440 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Retail Opportunity Investments by 51.7% in the fourth 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 currently 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.