Retail Opportunity Investments Corp. (NASDAQ:ROIC) Given Average Recommendation of “Reduce” by Analysts

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have earned an average rating of “Reduce” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.20.

A number of analysts recently weighed in on the company. Robert W. Baird restated a “neutral” rating and issued a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. BMO Capital Markets upped their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. Finally, StockNews.com started coverage on shares of Retail Opportunity Investments in a report on Saturday. They issued a “hold” rating on the stock.

Retail Opportunity Investments Trading Up 0.1 %

Shares of ROIC stock opened at $17.51 on Friday. The company has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The business’s fifty day moving average is $17.43 and its 200 day moving average is $16.56. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.52.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in Retail Opportunity Investments by 1,473.1% during the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,753 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in Retail Opportunity Investments during the 4th quarter valued at about $40,000. Allworth Financial LP raised its holdings in Retail Opportunity Investments by 4,320.3% in the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 3,197 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Retail Opportunity Investments by 117.8% during the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 1,932 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Retail Opportunity Investments by 802.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 3,473 shares during the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.