Retail Opportunity Investments (NASDAQ:ROIC) Now Covered by StockNews.com

StockNews.com began 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 Trading Up 0.1 %

Shares of ROIC opened at $17.51 on Tuesday. Retail Opportunity Investments has a 1 year low of $11.87 and a 1 year high of $17.52. 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 stock has a 50 day simple moving average of $17.47 and a 200-day simple moving average of $16.84. The stock has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

Hedge Funds Weigh In On Retail Opportunity Investments

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors grew its position in Retail Opportunity Investments by 4.8% during the 4th quarter. Captrust Financial Advisors now owns 13,640 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 622 shares during the last quarter. Natixis Advisors LLC grew its position in Retail Opportunity Investments by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 26,197 shares of the real estate investment trust’s stock worth $455,000 after acquiring an additional 648 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Retail Opportunity Investments by 5.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,967 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 728 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Retail Opportunity Investments by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 18,529 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 734 shares during the last quarter. Finally, Mariner LLC grew its position in Retail Opportunity Investments by 7.2% during the 4th quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 795 shares during the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

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.