StockNews.com Begins Coverage on Retail Opportunity Investments (NASDAQ:ROIC)

StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report issued on Friday. The firm issued a hold rating on the real estate investment trust’s stock.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ ROIC opened at $17.51 on Friday. The firm’s fifty day moving average is $17.51 and its two-hundred day moving average is $17.11. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52. 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 cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

Institutional Trading of Retail Opportunity Investments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. purchased a new position in shares of Retail Opportunity Investments in the 4th quarter valued at approximately $40,000. Versant Capital Management Inc lifted 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 period. Sterling Capital Management LLC lifted its holdings 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 during the period. Smartleaf Asset Management LLC grew its position in 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 buying an additional 3,440 shares during the last quarter. Finally, KBC Group NV increased its stake in 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 buying an additional 2,053 shares during the period. 97.16% of the stock is owned by hedge funds and other 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.