Retail Opportunity Investments (NASDAQ:ROIC) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research note issued on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.

Retail Opportunity Investments Price Performance

Retail Opportunity Investments stock opened at $17.51 on Friday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The firm has a 50-day moving average of $17.51 and a two-hundred day moving average of $17.15. Retail Opportunity Investments has a 1 year low of $11.87 and a 1 year high of $17.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of institutional investors and hedge funds have recently bought and sold shares of ROIC. Principal Financial Group Inc. increased its stake 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 period. Geode Capital Management LLC grew its holdings in Retail Opportunity Investments by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock worth $51,776,000 after acquiring an additional 24,421 shares in the last quarter. JPMorgan Chase & Co. increased its position in Retail Opportunity Investments by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock valued at $56,161,000 after purchasing an additional 1,196,057 shares during the period. Nexpoint Asset Management L.P. bought a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at about $50,490,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Retail Opportunity Investments by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock worth $41,309,000 after purchasing an additional 32,429 shares during the period. 97.16% of the stock is owned by 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.