Retail Opportunity Investments (NASDAQ:ROIC) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Retail Opportunity Investments (NASDAQ:ROICFree Report) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on ROIC. Bank of America began coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They set an “underperform” rating and a $14.00 price target on the stock. Robert W. Baird reissued a “neutral” rating and issued a $17.50 price objective (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James cut Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. 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 analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Retail Opportunity Investments currently has an average rating of “Hold” and a consensus target price of $16.17.

View Our Latest Stock Report on Retail Opportunity Investments

Retail Opportunity Investments Price Performance

Shares of Retail Opportunity Investments stock opened at $17.44 on Wednesday. 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 business has a 50 day simple moving average of $16.50 and a two-hundred day simple moving average of $14.79. The stock has a market capitalization of $2.24 billion, a P/E ratio of 37.91 and a beta of 1.47. Retail Opportunity Investments has a 12 month low of $11.87 and a 12 month high of $17.52.

Retail Opportunity Investments (NASDAQ:ROICGet Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The business had revenue of $83.50 million for the quarter, compared to analysts’ expectations of $82.13 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, analysts predict that Retail Opportunity Investments will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Retail Opportunity Investments’s payout ratio is currently 130.43%.

Institutional Investors Weigh In On Retail Opportunity Investments

Several hedge funds have recently modified their holdings of ROIC. International Assets Investment Management LLC boosted its position in Retail Opportunity Investments by 1,473.1% in the 3rd 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 during the last quarter. Allworth Financial LP increased its position in shares of 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 worth $51,000 after purchasing an additional 3,197 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised 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 purchasing an additional 1,289 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Retail Opportunity Investments in the second quarter worth about $82,000. Finally, Point72 DIFC Ltd lifted its holdings in Retail Opportunity Investments by 71.8% during the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 3,145 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Retail Opportunity Investments Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.