Retail Opportunity Investments (NASDAQ:ROIC) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report released on Friday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

ROIC has been the subject of a number of other research reports. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Bank of America began coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They set an “underperform” rating and a $14.00 price objective on the stock. BMO Capital Markets upped their target price on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Retail Opportunity Investments currently has a consensus rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

ROIC opened at $17.51 on Friday. Retail Opportunity Investments has a fifty-two week low of $11.87 and a fifty-two week high of $17.52. 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 stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The firm’s fifty day moving average is $17.42 and its 200 day moving average is $16.48.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of Retail Opportunity Investments by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after buying an additional 75,803 shares in the last quarter. Geode Capital Management LLC raised its position in Retail Opportunity Investments by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock valued at $51,776,000 after purchasing an additional 24,421 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Retail Opportunity Investments by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock valued at $56,161,000 after purchasing an additional 1,196,057 shares during the last quarter. Nexpoint Asset Management L.P. purchased a new position in shares of Retail Opportunity Investments in the 4th quarter worth approximately $50,490,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Retail Opportunity Investments by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock valued at $41,309,000 after purchasing an additional 32,429 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

About Retail Opportunity Investments

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.