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

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

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock opened at $17.51 on Tuesday. The firm’s fifty day moving average price is $17.51 and its 200-day moving average price is $17.38. 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 stock has a market cap of $2.26 billion, a P/E 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 Trading of Retail Opportunity Investments

Institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. raised its position in shares of Retail Opportunity Investments by 0.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock valued at $3,208,000 after buying an additional 972 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Retail Opportunity Investments during the 4th quarter valued at $463,000. Barclays PLC raised its position in shares of Retail Opportunity Investments by 316.7% during the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock valued at $3,331,000 after buying an additional 160,981 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Retail Opportunity Investments by 188.0% during 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 in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Retail Opportunity Investments by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 23,477 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 2,175 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

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.