Short Interest in Retail Opportunity Investments Corp. (NASDAQ:ROIC) Declines By 18.3%

Retail Opportunity Investments Corp. (NASDAQ:ROIC) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,900,000 shares, a drop of 18.3% from the January 15th total of 3,550,000 shares. Based on an average daily volume of 2,110,000 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ROIC shares. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. StockNews.com started coverage on Retail Opportunity Investments in a research note on Friday. They set a “hold” rating for the company. Bank of America started coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. Robert W. Baird reissued a “neutral” rating and set a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Finally, KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.20.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ROIC. AQR Arbitrage LLC acquired a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at $20,038,000. Nexpoint Asset Management L.P. bought a new stake in Retail Opportunity Investments during the 4th quarter worth about $50,490,000. TIG Advisors LLC acquired a new position in Retail Opportunity Investments during the 4th quarter valued at about $7,304,000. Northern Trust Corp grew its position in shares of Retail Opportunity Investments by 54.8% during the 4th quarter. Northern Trust Corp now owns 2,226,804 shares of the real estate investment trust’s stock worth $38,657,000 after buying an additional 788,156 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Retail Opportunity Investments during the fourth quarter worth approximately $1,983,000. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Trading Up 0.1 %

Shares of 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 company has a 50-day moving average of $17.42 and a two-hundred day moving average of $16.48. The company has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. 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.