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

Retail Opportunity Investments Corp. (NASDAQ:ROIC) has been given a consensus rating of “Reduce” by the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.20.

Separately, StockNews.com assumed coverage on Retail Opportunity Investments in a research note on Monday. They set a “hold” rating for the company.

Retail Opportunity Investments Price Performance

ROIC stock opened at $17.51 on Wednesday. The business has a fifty day moving average of $17.46 and a two-hundred day moving average of $16.76. 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 stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.52.

Institutional Investors Weigh In On Retail Opportunity Investments

Institutional investors have recently modified their holdings of the company. GF Fund Management CO. LTD. acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter valued at $40,000. Versant Capital Management Inc boosted its holdings in Retail Opportunity Investments by 117.8% in the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,932 shares during the period. Sterling Capital Management LLC boosted its holdings in Retail Opportunity Investments by 802.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 3,473 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Retail Opportunity Investments by 188.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 3,440 shares during the period. Finally, KBC Group NV boosted its holdings in Retail Opportunity Investments by 51.7% in the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,053 shares during the period. 97.16% of the stock is owned by institutional investors and hedge funds.

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.