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

StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report report published on Thursday 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 Thursday. The firm’s 50 day simple moving average is $17.50 and its 200 day simple moving average is $17.02. The firm has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments has a 1-year low of $11.87 and a 1-year high of $17.52.

Institutional Trading of Retail Opportunity Investments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROIC. Principal Financial Group Inc. grew its holdings in shares of Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after buying an additional 75,803 shares during the last quarter. Citigroup Inc. raised its stake in shares of Retail Opportunity Investments by 73.9% in the third quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock worth $3,749,000 after purchasing an additional 101,275 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Retail Opportunity Investments during the fourth quarter valued at $463,000. Asset Management One Co. Ltd. boosted its position in shares of Retail Opportunity Investments by 0.5% during the fourth 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 during the last quarter. Finally, Barclays PLC increased its holdings in Retail Opportunity Investments by 316.7% in the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after buying an additional 160,981 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.