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

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

Retail Opportunity Investments Price Performance

Shares of NASDAQ ROIC opened at $17.51 on Thursday. The stock’s 50-day simple moving average is $17.50 and its 200-day simple moving average is $17.02. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The firm 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 fifty-two week low of $11.87 and a fifty-two week high of $17.52.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GF Fund Management CO. LTD. purchased a new stake in Retail Opportunity Investments in the fourth quarter valued at $40,000. Versant Capital Management Inc grew its holdings 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 worth $62,000 after purchasing an additional 1,932 shares during 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 purchasing an additional 3,473 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Retail Opportunity Investments by 188.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 3,440 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of 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. Institutional investors and hedge funds own 97.16% of the company’s stock.

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.