Retail Opportunity Investments (NASDAQ:ROIC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report published on Wednesday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Retail Opportunity Investments Stock Performance

Shares of Retail Opportunity Investments stock opened at $17.51 on Wednesday. The stock’s fifty day simple moving average is $17.49 and its 200 day simple moving average is $16.92. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. 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

Large investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its position in shares of 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 acquiring an additional 622 shares in the last quarter. Natixis Advisors LLC boosted its stake in Retail Opportunity Investments by 2.5% in the 4th quarter. Natixis Advisors LLC now owns 26,197 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 648 shares during the period. Summit Investment Advisors Inc. increased 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 worth $225,000 after purchasing an additional 728 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of 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 purchasing an additional 734 shares during the period. Finally, Mariner LLC lifted its holdings in shares of Retail Opportunity Investments by 7.2% in the fourth quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 795 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

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.