Retail Opportunity Investments Corp. (NASDAQ:ROIC) Receives $16.20 Consensus PT from Analysts

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have earned a consensus rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.20.

Several analysts have commented on ROIC shares. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. StockNews.com started coverage on shares of Retail Opportunity Investments in a research report on Friday. They set a “hold” rating for the company. Bank of America started coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ:ROIC opened at $17.51 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company’s 50-day simple moving average is $17.43 and its 200 day simple moving average is $16.51. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of hedge funds and other institutional investors have recently bought and sold shares of ROIC. Captrust Financial Advisors increased its holdings in Retail Opportunity Investments by 4.8% in the 4th quarter. Captrust Financial Advisors now owns 13,640 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 622 shares during the period. Natixis Advisors LLC grew its stake in shares of Retail Opportunity Investments by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 26,197 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 648 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of Retail Opportunity Investments by 5.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,967 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 728 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Retail Opportunity Investments by 4.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 18,529 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 734 shares during the period. Finally, Mariner LLC raised its stake in shares of Retail Opportunity Investments by 7.2% during the 4th quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 795 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

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.