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

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

Retail Opportunity Investments Stock Performance

ROIC stock opened at $17.51 on Thursday. The company has a 50-day simple moving average of $17.50 and a 200 day simple moving average of $17.00. The company has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments has a fifty-two week low of $11.87 and a fifty-two week high of $17.52.

Institutional Trading of Retail Opportunity Investments

A number of institutional investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. bought a new stake in Retail Opportunity Investments during the fourth quarter worth approximately $40,000. Versant Capital Management Inc raised its stake in shares of 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 buying an additional 1,932 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments by 802.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 3,473 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 3,440 shares in the last quarter. Finally, KBC Group NV grew its holdings in Retail Opportunity Investments by 51.7% during the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 2,053 shares during the period. 97.16% of the stock is owned by institutional investors and hedge funds.

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.