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

StockNews.com started coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. BMO Capital Markets boosted their price target on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Finally, Bank of America began coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

Shares of Retail Opportunity Investments stock opened at $17.45 on Tuesday. 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 firm has a market cap of $2.25 billion, a price-to-earnings ratio of 37.93 and a beta of 1.46. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.52. The company’s 50-day simple moving average is $17.40 and its 200-day simple moving average is $15.97.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The business had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. During the same period in the prior year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Retail Opportunity Investments will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of institutional investors and hedge funds have recently bought and sold shares of ROIC. International Assets Investment Management LLC boosted its stake in shares of 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 purchasing an additional 1,753 shares during the last quarter. Allworth Financial LP boosted its position in Retail Opportunity Investments by 4,320.3% during the third 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 last quarter. Versant Capital Management Inc grew its stake in Retail Opportunity Investments by 117.8% in 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. Mirae Asset Global Investments Co. Ltd. raised its holdings in Retail Opportunity Investments by 35.2% in 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 during the last quarter. Finally, KBC Group NV lifted its stake in shares of Retail Opportunity Investments by 51.7% during the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 2,053 shares during the period. Hedge funds and other 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.