Retail Opportunity Investments (NASDAQ:ROIC) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a "hold" rating on the real estate investment trust's stock.

Several other equities research analysts have also recently weighed in on the company. Bank of America began coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They issued an "underperform" rating and a $14.00 target price for the company. Robert W. Baird reaffirmed a "neutral" rating and issued a $17.50 price objective (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. KeyCorp downgraded shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, November 5th. BMO Capital Markets upped their price target on shares of 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. 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 given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

ROIC stock traded up $0.01 during trading on Monday, hitting $17.36. The company had a trading volume of 2,129,808 shares, compared to its average volume of 2,149,158. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.52. The company has a 50 day simple moving average of $17.36 and a 200-day simple moving average of $15.72. The firm has a market capitalization of $2.24 billion, a P/E ratio of 37.74 and a beta of 1.46. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last issued 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). The company had revenue of $83.50 million for the quarter, compared to analysts' expectations of $82.13 million. Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The business's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. As a group, research analysts forecast that Retail Opportunity Investments will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Retail Opportunity Investments

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Retail Opportunity Investments by 8.9% in the fourth quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust's stock worth $177,000 after acquiring an additional 832 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Retail Opportunity Investments by 117.8% during the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 1,932 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Retail Opportunity Investments by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust's stock valued at $96,072,000 after acquiring an additional 75,803 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Retail Opportunity Investments by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust's stock worth $51,776,000 after purchasing an additional 24,421 shares during the last quarter. Finally, Barclays PLC lifted its position in Retail Opportunity Investments by 316.7% during the third quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust's stock valued at $3,331,000 after purchasing an additional 160,981 shares during the period. Institutional investors and hedge funds 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.