NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $12.20, above its previous 52-week high of $12.18 with 131,143 shares traded as of 2:50 p.m. ET. Average volume has been 316,700 shares over the past 30 days.
Retail Opportunity Investments has a market cap of $601.4 million and is part of the
industry. Shares are up 2.4% year to date as of the close of trading on Thursday.
Retail Opportunity Investments Corp., a real estate investment trust (REIT), engages in the acquisition, ownership, and management of necessity-based community and neighborhood shopping centers in the eastern and western regions of the United States. The company has a P/E ratio of 52.7, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Retail Opportunity Investments as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
52-week high stocks
or get investment ideas from our