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

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

Retail Opportunity Investments Trading Up 0.1 %

Shares of NASDAQ:ROIC opened at $17.51 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments has a 1-year low of $11.87 and a 1-year high of $17.52. The company has a 50 day moving average price of $17.49 and a 200 day moving average price of $16.95.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of Retail Opportunity Investments by 1.3% in the 3rd 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 purchasing an additional 75,803 shares during the period. Geode Capital Management LLC lifted its stake in Retail Opportunity Investments by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock valued at $51,776,000 after buying an additional 24,421 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Retail Opportunity Investments by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after buying an additional 1,196,057 shares during the period. Nexpoint Asset Management L.P. purchased a new position in shares of Retail Opportunity Investments in the fourth quarter worth approximately $50,490,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Retail Opportunity Investments by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock valued at $41,309,000 after acquiring an additional 32,429 shares during the period. 97.16% of the stock is currently 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.