Retail Opportunity Investments (NASDAQ:ROIC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) in a research note issued on Friday. The firm set a "hold" rating on the real estate investment trust's stock.

ROIC has been the subject of several other research reports. KeyCorp downgraded shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, November 5th. Robert W. Baird reiterated a "neutral" rating and issued a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Raymond James downgraded shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 30th. 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 price target for the company. Finally, Baird R W downgraded shares of Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ:ROIC traded up $0.02 during trading on Friday, hitting $17.51. 6,049,675 shares of the company were exchanged, compared to its average volume of 1,467,676. The stock has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. 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 has a 12-month low of $11.87 and a 12-month high of $17.52. The firm's 50 day moving average price is $17.43 and its 200-day moving average price is $16.51.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of institutional investors and hedge funds have recently made changes to their positions in ROIC. Creative Planning grew its stake in shares of Retail Opportunity Investments by 6.7% during the 3rd quarter. Creative Planning now owns 18,988 shares of the real estate investment trust's stock worth $299,000 after purchasing an additional 1,194 shares during the period. Blue Trust Inc. grew its stake in shares of Retail Opportunity Investments by 694.3% during the 3rd quarter. Blue Trust Inc. now owns 10,445 shares of the real estate investment trust's stock worth $164,000 after purchasing an additional 9,130 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Retail Opportunity Investments during the 3rd quarter worth $195,000. International Assets Investment Management LLC grew its stake in shares of Retail Opportunity Investments by 1,473.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 1,753 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Retail Opportunity Investments by 4,320.3% during 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 during the period. 97.16% of the stock is owned by institutional investors and hedge funds.

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.