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

StockNews.com started coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report issued on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on ROIC. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird reissued a “neutral” rating and set a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. BMO Capital Markets increased their target price on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, November 8th. 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. Finally, KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Performance

Shares of ROIC stock opened at $17.51 on Friday. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52. The company has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. 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 business has a 50 day moving average of $17.43 and a two-hundred day moving average of $16.58.

Institutional Investors Weigh In On Retail Opportunity Investments

Several large investors have recently modified their holdings of the stock. Nexpoint Asset Management L.P. acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $50,490,000. Picton Mahoney Asset Management acquired a new stake in Retail Opportunity Investments during the 4th quarter worth about $27,343,000. Alpine Associates Management Inc. purchased a new stake in Retail Opportunity Investments during the fourth quarter valued at about $23,436,000. Water Island Capital LLC acquired a new position in shares of Retail Opportunity Investments in the fourth quarter worth about $22,767,000. Finally, JPMorgan Chase & Co. increased its position in shares of Retail Opportunity Investments by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after acquiring an additional 1,196,057 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

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.