Retail Opportunity Investments Corp. (NASDAQ:ROIC) Given Average Recommendation of "Reduce" by Analysts

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Get Free Report) have received a consensus recommendation of "Reduce" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.17.

A number of brokerages have recently commented on ROIC. Robert W. Baird reaffirmed a "neutral" rating and set a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Baird R W downgraded Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Bank of America started coverage on shares of Retail Opportunity Investments in a report on Thursday, October 24th. They issued an "underperform" rating and a $14.00 price target for the company. Raymond James downgraded Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Retail Opportunity Investments by 1,473.1% in the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust's stock worth $29,000 after buying an additional 1,753 shares in the last quarter. Allworth Financial LP lifted its stake in 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 worth $51,000 after purchasing an additional 3,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Retail Opportunity Investments by 35.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 1,289 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Retail Opportunity Investments in the 2nd quarter valued at $82,000. Finally, Point72 DIFC Ltd boosted its position in shares of Retail Opportunity Investments by 71.8% during 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 last quarter. Hedge funds and other institutional investors own 97.16% of the company's stock.

Retail Opportunity Investments Trading Up 0.1 %

Shares of Retail Opportunity Investments stock traded up $0.01 during trading on Monday, hitting $17.41. The stock had a trading volume of 441,636 shares, compared to its average volume of 1,319,648. The stock has a market cap of $2.24 billion, a PE ratio of 37.87 and a beta of 1.44. Retail Opportunity Investments has a 12 month low of $11.87 and a 12 month high of $17.45. The firm's fifty day simple moving average is $16.32 and its 200-day simple moving average is $14.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last released its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $82.13 million. During the same period in the prior year, the company posted $0.27 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Retail Opportunity Investments will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments's dividend payout ratio is presently 130.43%.

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.