Retail Opportunity Investments Reaches New 52-Week High (ROIC)

NEW YORK ( TheStreet) -- Retail Opportunity Investments (Nasdaq: ROIC) hit a new 52-week high Thursday as it is currently trading at $11.88, above its previous 52-week high of $11.86 with 10,549 shares traded as of 9:34 a.m. ET. Average volume has been 385,400 shares over the past 30 days.

Retail Opportunity Investments has a market cap of $484.8 million and is part of the financial sector and real estate industry. Shares are up 19.4% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 41.7, above the average real estate industry P/E ratio of 39.7 and above the S&P 500 P/E ratio of 17.7.

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, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Retail Opportunity Investments Ratings Report.

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