Analysts Set Retail Opportunity Investments Corp. (NASDAQ:ROIC) PT at $16.20

Retail Opportunity Investments Corp. (NASDAQ:ROIC - Get Free Report) has been assigned a consensus rating of "Reduce" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.20.

Several research analysts have recently commented on the company. StockNews.com initiated coverage on Retail Opportunity Investments in a report on Friday. They set a "hold" rating for the company. Bank of America began 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 on the stock. KeyCorp downgraded shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a report on Tuesday, November 5th. Raymond James cut Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC boosted its position in Retail Opportunity Investments by 106.8% during the 4th quarter. Squarepoint Ops LLC now owns 89,904 shares of the real estate investment trust's stock valued at $1,561,000 after buying an additional 46,421 shares during the period. Sagefield Capital LP bought a new position in shares of Retail Opportunity Investments during the fourth quarter valued at about $2,389,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Retail Opportunity Investments during the fourth quarter worth about $868,000. ProShare Advisors LLC boosted its holdings in shares of Retail Opportunity Investments by 106.0% during the fourth quarter. ProShare Advisors LLC now owns 53,408 shares of the real estate investment trust's stock worth $927,000 after purchasing an additional 27,479 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of Retail Opportunity Investments by 23.8% in the fourth quarter. Quantinno Capital Management LP now owns 28,569 shares of the real estate investment trust's stock worth $496,000 after purchasing an additional 5,496 shares during the last quarter. Institutional investors own 97.16% of the company's stock.

Retail Opportunity Investments Price Performance

NASDAQ:ROIC traded up $0.02 during trading hours on Friday, hitting $17.51. 6,049,675 shares of the company's stock traded hands, compared to its average volume of 1,467,676. The firm 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 quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The business's fifty day simple moving average is $17.43 and its two-hundred day simple moving average is $16.51. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52.

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.