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

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

Retail Opportunity Investments Price Performance

Shares of Retail Opportunity Investments stock opened at $17.51 on Tuesday. 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 stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments has a 1-year low of $11.87 and a 1-year high of $17.52. The firm’s 50-day moving average price is $17.51 and its two-hundred day moving average price is $17.38.

Institutional Trading of Retail Opportunity Investments

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Retail Opportunity Investments by 58.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after buying an additional 1,196,057 shares during the last quarter. Nexpoint Asset Management L.P. bought a new stake in Retail Opportunity Investments during the fourth quarter worth about $50,490,000. Charles Schwab Investment Management Inc. lifted its position in shares of Retail Opportunity Investments by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock worth $41,309,000 after purchasing an additional 32,429 shares in the last quarter. Northern Trust Corp lifted its position in shares of Retail Opportunity Investments by 54.8% during the fourth quarter. Northern Trust Corp now owns 2,226,804 shares of the real estate investment trust’s stock worth $38,657,000 after purchasing an additional 788,156 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Retail Opportunity Investments during the fourth quarter worth approximately $27,343,000. 97.16% of the stock is 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.