Retail Opportunity Investments (NASDAQ:ROIC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report published on Tuesday. The brokerage 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 Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52. The stock has a market capitalization of $2.26 billion, a PE 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 $17.39.

Hedge Funds Weigh In On Retail Opportunity Investments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. acquired a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at $40,000. Sterling Capital Management LLC raised its holdings in shares of Retail Opportunity Investments by 802.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 3,473 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Retail Opportunity Investments by 188.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 3,440 shares in the last quarter. KBC Group NV raised its holdings in shares of Retail Opportunity Investments by 51.7% in the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,053 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at $201,000. 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.