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

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

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ:ROIC opened at $17.51 on Friday. Retail Opportunity Investments has a 12-month low of $11.87 and a 12-month high of $17.52. The stock’s 50-day moving average price is $17.51 and its two-hundred day moving average price is $17.26. 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 firm has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ROIC. GF Fund Management CO. LTD. purchased a new position in shares of Retail Opportunity Investments in the 4th quarter worth about $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 valued at $62,000 after acquiring an additional 1,932 shares during the period. Sterling Capital Management LLC boosted its position in Retail Opportunity Investments by 802.1% during the 4th 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 increased its holdings 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 purchasing an additional 3,440 shares in the last quarter. Finally, KBC Group NV raised its position in Retail Opportunity Investments by 51.7% in the fourth 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. 97.16% of the stock is owned by hedge funds and other 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.