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

Stock analysts at StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report issued on Wednesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

ROIC has been the topic of a number of other research reports. Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Robert W. Baird reissued a “neutral” rating and set a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Bank of America initiated coverage on shares of Retail Opportunity Investments in a report on Thursday, October 24th. They set an “underperform” rating and a $14.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a report on Friday, November 8th. Finally, Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Down 0.1 %

ROIC opened at $17.44 on Wednesday. The firm’s 50-day simple moving average is $17.41 and its 200-day simple moving average is $16.15. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. Retail Opportunity Investments has a twelve month low of $11.87 and a twelve month high of $17.52. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 37.91 and a beta of 1.46.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of Retail Opportunity Investments by 1,473.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,753 shares during the period. Allworth Financial LP raised its position 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 valued at $51,000 after acquiring an additional 3,197 shares during the period. Versant Capital Management Inc raised its position in shares of 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 valued at $62,000 after acquiring an additional 1,932 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 period. Finally, Point72 DIFC Ltd raised its position in shares of Retail Opportunity Investments by 71.8% in the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 3,145 shares during the period. Institutional investors own 97.16% of the company’s stock.

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.