Retail Opportunity Investments (NASDAQ:ROIC) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report issued on Sunday. The firm set a “hold” rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. 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. KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets upped their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Performance

Shares of NASDAQ:ROIC opened at $17.51 on Friday. The company’s 50 day moving average price is $17.44 and its two-hundred day moving average price is $16.64. Retail Opportunity Investments has a 12-month low of $11.87 and a 12-month high of $17.52. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

Hedge Funds Weigh In On Retail Opportunity Investments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. bought a new position in Retail Opportunity Investments in the 4th quarter valued at approximately $868,000. GF Fund Management CO. LTD. bought a new position in Retail Opportunity Investments in the 4th quarter valued at approximately $40,000. BCK Capital Management LP bought a new position in Retail Opportunity Investments in the 4th quarter valued at approximately $694,000. Squarepoint Ops LLC raised its stake in shares of Retail Opportunity Investments by 106.8% during the fourth quarter. Squarepoint Ops LLC now owns 89,904 shares of the real estate investment trust’s stock valued at $1,561,000 after acquiring an additional 46,421 shares during the last quarter. Finally, Sagefield Capital LP acquired a new position in shares of Retail Opportunity Investments during the fourth quarter worth $2,389,000. Institutional investors own 97.16% of the company’s stock.

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.