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

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

Retail Opportunity Investments Stock Performance

Shares of ROIC stock opened at $17.51 on Wednesday. Retail Opportunity Investments has a 12-month low of $11.87 and a 12-month 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. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The business has a 50 day simple moving average of $17.49 and a 200 day simple moving average of $16.95.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC lifted its stake in shares of Retail Opportunity Investments by 94.4% in the 3rd quarter. Intech Investment Management LLC now owns 32,316 shares of the real estate investment trust’s stock worth $508,000 after acquiring an additional 15,694 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Retail Opportunity Investments by 3.8% in 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. Citigroup Inc. boosted its stake in Retail Opportunity Investments by 73.9% during the 3rd quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock valued at $3,749,000 after purchasing an additional 101,275 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Retail Opportunity Investments by 6.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 42,741 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 2,640 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Retail Opportunity Investments by 4.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 67,625 shares of the real estate investment trust’s stock valued at $1,064,000 after purchasing an additional 2,823 shares during the period. 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.