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

Analysts at StockNews.com started coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the real estate investment trust’s stock.

Retail Opportunity Investments Trading Up 0.1 %

Shares of Retail Opportunity Investments stock opened at $17.51 on Monday. The firm has a 50-day moving average of $17.46 and a 200-day moving average of $16.76. The stock has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92.

Institutional Investors Weigh In On Retail Opportunity Investments

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its position in shares of Retail Opportunity Investments by 1.3% in 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 acquiring an additional 75,803 shares during the period. Citigroup Inc. lifted its position in Retail Opportunity Investments by 73.9% during 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 period. Entropy Technologies LP bought a new stake in Retail Opportunity Investments during the fourth quarter worth about $463,000. Asset Management One Co. Ltd. lifted its position in 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 worth $3,208,000 after purchasing an additional 972 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Retail Opportunity Investments by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after purchasing an additional 85,037 shares during the period. Institutional investors own 97.16% of the company’s stock.

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.