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NEW YORK ( TheStreet) -- Retail Opportunity Investments (Nasdaq: ROIC) 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 financial sector and real estate 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.