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

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

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their target price 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. Robert W. Baird reiterated a “neutral” rating and issued a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Baird R W cut shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, Retail Opportunity Investments presently has an average rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Stock Performance

NASDAQ: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 firm has a 50 day moving average of $17.44 and a 200-day moving average of $16.64. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45.

Institutional Trading of Retail Opportunity Investments

A number of hedge funds and other institutional investors have recently modified their holdings of ROIC. International Assets Investment Management LLC grew its holdings in Retail Opportunity Investments by 1,473.1% during 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 acquiring an additional 1,753 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Retail Opportunity Investments during the 4th quarter worth $40,000. Versant Capital Management Inc grew its holdings in 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 worth $62,000 after acquiring an additional 1,932 shares during the period. Sterling Capital Management LLC grew its holdings in 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 acquiring an additional 3,473 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Retail Opportunity Investments by 35.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,289 shares during the period. Institutional investors and hedge funds 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.