Retail Opportunity Investments (NASDAQ:ROIC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report released on Saturday morning. The firm issued a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. Robert W. Baird restated 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. Raymond James cut Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. KeyCorp cut Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ ROIC opened at $17.51 on Friday. The stock has a market cap of $2.26 billion, a P/E 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. The stock has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $16.59. Retail Opportunity Investments has a fifty-two week low of $11.87 and a fifty-two week high of $17.52.

Institutional Trading of Retail Opportunity Investments

A number of institutional investors and hedge funds have recently modified their holdings of ROIC. Nexpoint Asset Management L.P. bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth $50,490,000. Picton Mahoney Asset Management purchased a new position in shares of Retail Opportunity Investments in the fourth quarter valued at about $27,343,000. Alpine Associates Management Inc. purchased a new position in shares of Retail Opportunity Investments in the fourth quarter valued at about $23,436,000. Water Island Capital LLC purchased a new stake in shares of Retail Opportunity Investments in the fourth quarter worth about $22,767,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Retail Opportunity Investments by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after buying an additional 1,196,057 shares in the last quarter. Institutional investors 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.