Retail Opportunity Investments Corp. (NASDAQ:ROIC) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have earned an average recommendation of “Reduce” from the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.20.

Several equities research analysts have commented on ROIC shares. Bank of America initiated coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They set an “underperform” rating and a $14.00 price target for the company. 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. Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. BMO Capital Markets increased their price objective 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, KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Retail Opportunity Investments by 296.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock worth $14,979,000 after buying an additional 711,835 shares during the period. Strategy Asset Managers LLC increased its position in shares of Retail Opportunity Investments by 57.7% during the third quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after acquiring an additional 320,520 shares during the last quarter. Easterly Investment Partners LLC acquired a new position in shares of Retail Opportunity Investments in the third quarter worth about $4,556,000. Barclays PLC boosted its holdings in Retail Opportunity Investments by 316.7% in 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 last quarter. Finally, Citigroup Inc. grew its stake in Retail Opportunity Investments by 73.9% during the 3rd quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock valued at $3,749,000 after purchasing an additional 101,275 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Up 0.2 %

Shares of NASDAQ ROIC opened at $17.47 on Tuesday. The stock has a market capitalization of $2.25 billion, a PE ratio of 37.98 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. The firm has a fifty day moving average of $17.40 and a 200-day moving average of $16.10. 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.