StockNews.com Begins Coverage on Retail Opportunity Investments (NASDAQ:ROIC)

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

A number of other equities research analysts also recently weighed in on the stock. Baird R W downgraded shares of Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Raymond James cut shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. KeyCorp downgraded Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a report on Tuesday, November 5th. Robert W. Baird reissued a "neutral" rating and issued a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Finally, Bank of America began coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an "underperform" rating and a $14.00 price target on the stock. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat, Retail Opportunity Investments presently has a consensus rating of "Hold" and a consensus price target of $16.20.

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock traded up $0.03 during trading hours on Wednesday, hitting $17.47. The stock had a trading volume of 1,238,467 shares, compared to its average volume of 1,411,828. Retail Opportunity Investments has a fifty-two week low of $11.87 and a fifty-two week high of $17.52. The company has a market cap of $2.25 billion, a PE ratio of 37.98 and a beta of 1.46. The company has a 50-day moving average of $17.41 and a two-hundred day moving average of $16.20. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

Hedge Funds Weigh In On Retail Opportunity Investments

Several institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased 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 valued at $29,000 after buying an additional 1,753 shares in the last quarter. Allworth Financial LP increased its position 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 valued at $51,000 after acquiring an additional 3,197 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Retail Opportunity Investments by 117.8% in the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 1,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Retail Opportunity Investments by 35.2% during the third 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 in the last quarter. Finally, KBC Group NV grew its stake in shares of Retail Opportunity Investments by 51.7% during the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 2,053 shares during the last quarter. Institutional investors 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.