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

StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research note published on Tuesday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Retail Opportunity Investments Stock Up 0.1 %

Shares of ROIC opened at $17.51 on Tuesday. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. 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 business’s fifty day moving average price is $17.47 and its two-hundred day moving average price is $16.84. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ROIC. Nexpoint Asset Management L.P. bought a new position in shares of Retail Opportunity Investments in the 4th quarter worth $50,490,000. Picton Mahoney Asset Management bought a new position in shares of Retail Opportunity Investments in the 4th quarter worth $27,343,000. Alpine Associates Management Inc. bought a new position in shares of Retail Opportunity Investments in the 4th quarter worth $23,436,000. Water Island Capital LLC bought a new position in shares of Retail Opportunity Investments in the 4th quarter worth $22,767,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Retail Opportunity Investments by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after purchasing an additional 1,196,057 shares during the last quarter. 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.