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

StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report report published on Friday. The brokerage issued a hold rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on ROIC. KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. 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 price target for the company. BMO Capital Markets increased their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. One 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock opened at $17.51 on Friday. The stock’s 50 day simple moving average is $17.42 and its two-hundred day simple moving average is $16.48. Retail Opportunity Investments has a fifty-two week low of $11.87 and a fifty-two week high of $17.52. The stock has a market cap of $2.26 billion, a price-to-earnings 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.

Hedge Funds Weigh In On Retail Opportunity Investments

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC lifted 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 buying an additional 1,753 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Retail Opportunity Investments by 4,320.3% in the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 3,197 shares during the period. Versant Capital Management Inc lifted its stake in shares of 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 lifted its stake in shares of 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. Finally, Mirae Asset Global Investments Co. Ltd. increased 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 valued at $77,000 after acquiring an additional 1,289 shares in the last quarter. 97.16% of the stock is currently 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.