StockNews.com started coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC – Free Report) in a research report sent to investors on Sunday. The firm issued a hold rating on the real estate investment trust’s stock.
Retail Opportunity Investments Trading Up 0.1 %
Shares of ROIC opened at $17.51 on Friday. Retail Opportunity Investments has a 1-year low of $11.87 and a 1-year 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 50 day simple moving average of $17.51 and a 200-day simple moving average of $17.27. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.
Institutional Trading of Retail Opportunity Investments
A number of large investors have recently made changes to their positions in ROIC. Nexpoint Asset Management L.P. acquired a new stake in shares of Retail Opportunity Investments during the 4th quarter worth about $50,490,000. Picton Mahoney Asset Management acquired a new stake in Retail Opportunity Investments during the fourth quarter worth approximately $27,343,000. Alpine Associates Management Inc. purchased a new stake in Retail Opportunity Investments in the 4th quarter worth approximately $23,436,000. Water Island Capital LLC acquired a new position in Retail Opportunity Investments in the 4th quarter valued at $22,767,000. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $56,161,000 after acquiring an additional 1,196,057 shares during the last quarter. Institutional investors and hedge funds 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.
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