Analysts Set Retail Opportunity Investments Corp. (NASDAQ:ROIC) Target Price at $15.90

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Get Free Report) have received an average recommendation of "Reduce" from the five research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $15.90.

Several equities research analysts have weighed in on the stock. KeyCorp cut shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research report on Tuesday. Raymond James cut shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Robert W. Baird reaffirmed a "neutral" rating and issued a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday. Finally, Bank of America started coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an "underperform" rating and a $14.00 target price for the company.

Retail Opportunity Investments Trading Down 0.2 %

Shares of ROIC stock traded down $0.03 on Thursday, hitting $17.32. 10,783,198 shares of the company's stock traded hands, compared to its average volume of 1,279,146. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 37.78 and a beta of 1.44. 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 company's fifty day simple moving average is $15.67 and its 200 day simple moving average is $14.05. Retail Opportunity Investments has a one year low of $11.80 and a one year high of $17.40.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $83.50 million for the quarter, compared to analysts' expectations of $82.13 million. Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. Equities analysts forecast that Retail Opportunity Investments will post 1.04 EPS for the current year.

Retail Opportunity Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a yield of 3.46%. Retail Opportunity Investments's dividend payout ratio (DPR) is currently 130.43%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Retail Opportunity Investments by 20.4% during the 2nd quarter. Principal Financial Group Inc. now owns 6,031,790 shares of the real estate investment trust's stock valued at $74,975,000 after purchasing an additional 1,020,314 shares in the last quarter. Centersquare Investment Management LLC increased its stake in Retail Opportunity Investments by 6.5% during the 1st quarter. Centersquare Investment Management LLC now owns 9,319,113 shares of the real estate investment trust's stock valued at $114,346,000 after purchasing an additional 571,370 shares in the last quarter. Lasalle Investment Management Securities LLC increased its stake in Retail Opportunity Investments by 14.8% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust's stock valued at $46,783,000 after purchasing an additional 469,905 shares in the last quarter. Easterly Investment Partners LLC bought a new stake in Retail Opportunity Investments during the 3rd quarter valued at about $4,556,000. Finally, Vanguard Group Inc. increased its stake in Retail Opportunity Investments by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 19,815,894 shares of the real estate investment trust's stock valued at $254,040,000 after purchasing an additional 160,068 shares in the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

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.