Retail Opportunity Investments (NASDAQ:ROIC) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on ROIC. BMO Capital Markets lifted their price target 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. Bank of America assumed coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. Robert W. Baird reissued a “neutral” rating and set a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Finally, Baird R W cut shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Retail Opportunity Investments presently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Up 0.3 %

Shares of Retail Opportunity Investments stock opened at $17.45 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 37.93 and a beta of 1.46. The firm’s 50-day moving average is $17.39 and its two-hundred day moving average is $15.93. Retail Opportunity Investments has a 1 year low of $11.87 and a 1 year high of $17.52.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $83.50 million for the quarter, compared to analysts’ expectations of $82.13 million. Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, research analysts expect that Retail Opportunity Investments will post 1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Retail Opportunity Investments

Several hedge funds and other institutional investors have recently modified their holdings of ROIC. Principal Financial Group Inc. increased its stake in 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 purchasing an additional 75,803 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Retail Opportunity Investments by 0.7% in the 3rd 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 acquiring an additional 24,421 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Retail Opportunity Investments by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after acquiring an additional 85,037 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Retail Opportunity Investments by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,834,124 shares of the real estate investment trust’s stock worth $22,798,000 after acquiring an additional 39,980 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Retail Opportunity Investments by 296.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock worth $14,979,000 after acquiring an additional 711,835 shares during the period. 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.