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

StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report issued to clients and investors 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. 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. Robert W. Baird reissued a “neutral” rating and issued a $17.50 price objective (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Bank of America assumed coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research note on Friday, November 8th. Finally, Raymond James cut shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

Shares of Retail Opportunity Investments stock opened at $17.51 on Friday. The company has a market cap of $2.26 billion, a P/E 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. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52. The firm has a fifty day moving average of $17.42 and a two-hundred day moving average of $16.44.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ROIC. Creative Planning raised its stake in shares of Retail Opportunity Investments by 6.7% during the third quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 1,194 shares during the period. Blue Trust Inc. raised its stake in shares of Retail Opportunity Investments by 694.3% during the third quarter. Blue Trust Inc. now owns 10,445 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 9,130 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Retail Opportunity Investments during the third quarter valued at approximately $195,000. International Assets Investment Management LLC raised its stake in shares of 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 purchasing an additional 1,753 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Retail Opportunity Investments by 4,320.3% during the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,197 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

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.