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

StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a note issued to investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on ROIC. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Raymond James lowered Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Bank of America assumed coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They set an “underperform” rating and a $14.00 target price for the company. Finally, BMO Capital Markets lifted their price objective 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. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ ROIC opened at $17.48 on Thursday. 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 has a twelve month low of $11.87 and a twelve month high of $17.52. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 38.00 and a beta of 1.45. The business’s fifty day moving average is $17.41 and its 200 day moving average is $16.29.

Institutional Trading of Retail Opportunity Investments

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Retail Opportunity Investments by 8.9% in the 4th quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 832 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Retail Opportunity Investments by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock valued at $3,208,000 after buying an additional 972 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Retail Opportunity Investments by 1.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 67,602 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 1,002 shares during the period. Creative Planning grew its stake in shares of Retail Opportunity Investments by 6.7% in the 3rd quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 1,194 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Retail Opportunity Investments by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,289 shares during the period. 97.16% of the stock is currently 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.