Retail Opportunity Investments Stock Hits New 52-Week High (ROIC)

NEW YORK ( TheStreet) -- Retail Opportunity Investments Corp (Nasdaq: ROIC) hit a new 52-week high Wednesday as it is currently trading at $11.47, above its previous 52-week high of $11.30 with 268,455 shares traded as of 11:43 a.m. ET. Average volume has been 239,200 shares over the past 30 days.

Retail Opportunity Investments has a market cap of $451.9 million and is part of the financial sector and financial services industry. Shares are up 10% year to date as of the close of trading on Tuesday.

Retail Opportunity Investments Corp. engages in investing in, acquiring, owning, and managing commercial real estate in the United States. Its portfolio of retail properties include community and neighborhood shopping centers anchored by national or regional supermarkets and drugstores.
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TheStreet Ratings rates Retail Opportunity Investments as a buy. 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, increase in stock price during the past year, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Retail Opportunity Investments Ratings Report.

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