Retail Opportunity Investments Corp. (NASDAQ:ROIC) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have received a consensus recommendation of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.20.

Several equities research analysts recently commented on the company. Raymond James cut Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. 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 report on Friday, November 8th. Bank of America started coverage on shares of Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. Finally, StockNews.com started coverage on shares of Retail Opportunity Investments in a research note on Friday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Retail Opportunity Investments

Several institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in shares of Retail Opportunity Investments by 1,473.1% in the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,753 shares during the period. Allworth Financial LP lifted its stake in shares of Retail Opportunity Investments by 4,320.3% during the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,197 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Retail Opportunity Investments by 117.8% in the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 1,932 shares during the period. Sterling Capital Management LLC increased its stake 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 buying an additional 3,473 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Retail Opportunity Investments by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,289 shares during the period. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Retail Opportunity Investments Stock Performance

ROIC stock opened at $17.51 on Friday. The stock has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The stock’s 50 day simple moving average is $17.42 and its 200 day simple moving average is $16.48. Retail Opportunity Investments has a 12-month low of $11.87 and a 12-month high of $17.52. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04.

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.