Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded at a new 52-week high today of $20.06. So far today approximately 107,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) is currently priced 39.6% above its average consensus analyst price target of $12.12.
Retail Opportunity Investments Corp is a self-managed real estate investment trust that invests in, leases, and manages retail properties in the western and eastern regions of the United States. The company’s properties consist primarily of community and neighbourhood shopping centres anchored by supermarkets and drugstores. Retail Opportunity Investments Corp generates the majority of revenue from leasing properties to tenants, which include supermarkets, pharmacies, furniture stores, fitness centres, corporates, homeware stores, and general retailers.
Retail Opportunity Investments Corp. share prices have moved between a 52-week high of $20.06 and a 52-week low of $12.79 and are now trading 57% above that low price at $20.06 per share.
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