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

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

Retail Opportunity Investments Price Performance

Shares of Retail Opportunity Investments stock opened at $17.51 on Thursday. The stock has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. 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’s fifty day moving average is $17.50 and its 200 day moving average is $17.02. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its position 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 last quarter. Geode Capital Management LLC increased its holdings in Retail Opportunity Investments by 0.7% in the 3rd 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 acquiring an additional 24,421 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Retail Opportunity Investments by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after purchasing an additional 1,196,057 shares in the last quarter. Nexpoint Asset Management L.P. bought a new position in shares of Retail Opportunity Investments during the 4th quarter valued at about $50,490,000. Finally, Charles Schwab Investment Management Inc. grew its position 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 purchasing an additional 32,429 shares in the last quarter. Hedge funds and other 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.