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

StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report sent to investors on Saturday. The firm issued a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on the stock. 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 report on Thursday, November 7th. BMO Capital Markets raised 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. Baird R W cut Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James lowered Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Stock Performance

ROIC opened at $17.51 on Friday. Retail Opportunity Investments has a 1-year low of $11.87 and a 1-year high of $17.52. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The company’s fifty day moving average price is $17.43 and its two-hundred day moving average price is $16.57. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04.

Institutional Investors Weigh In On Retail Opportunity Investments

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in shares of Retail Opportunity Investments by 1,473.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,753 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Retail Opportunity Investments in the fourth quarter worth about $40,000. Allworth Financial LP boosted its stake 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 valued at $51,000 after acquiring an additional 3,197 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Retail Opportunity Investments by 117.8% during the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 1,932 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Retail Opportunity Investments by 802.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 3,473 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.