Retail Opportunity Investments Corp. (NASDAQ:ROIC) Short Interest Update

Retail Opportunity Investments Corp. (NASDAQ:ROIC - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 2,900,000 shares, a decline of 18.3% from the January 15th total of 3,550,000 shares. Based on an average daily volume of 2,110,000 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analyst Weigh In

Several brokerages have commented on ROIC. 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 report on Friday, November 8th. Raymond James lowered Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. Baird R W lowered Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Robert W. Baird reiterated a "neutral" rating and set a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Finally, StockNews.com initiated coverage on shares of Retail Opportunity Investments in a report on Friday, February 14th. They issued a "hold" rating on the stock. One equities 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $16.20.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust's stock worth $96,072,000 after purchasing an additional 75,803 shares during the period. Geode Capital Management LLC increased its position in Retail Opportunity Investments by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust's stock worth $51,776,000 after buying an additional 24,421 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Retail Opportunity Investments by 58.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust's stock worth $56,161,000 after buying an additional 1,196,057 shares in the last quarter. Nexpoint Asset Management L.P. acquired a new position in shares of Retail Opportunity Investments in the fourth quarter valued at about $50,490,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Retail Opportunity Investments by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust's stock worth $41,309,000 after purchasing an additional 32,429 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Up 0.1 %

Shares of ROIC stock traded up $0.02 during trading on Wednesday, reaching $17.51. The company's stock had a trading volume of 6,049,675 shares, compared to its average volume of 1,467,676. 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 has a fifty day moving average price of $17.43 and a 200-day moving average price of $16.53. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52.

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.