Retail Opportunity Investments (NASDAQ:ROIC) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report released on Wednesday. The firm set a “hold” rating on the real estate investment trust’s stock.

ROIC has been the subject of several other reports. KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Raymond James cut shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Baird R W cut shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Retail Opportunity Investments has a consensus rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Stock Performance

Shares of ROIC stock opened at $17.44 on Wednesday. The company has a market capitalization of $2.25 billion, a P/E ratio of 37.91 and a beta of 1.46. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52. The company’s 50 day moving average price is $17.41 and its two-hundred day moving average price is $16.15. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Retail Opportunity Investments by 8.9% during the fourth quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 832 shares during the period. Asset Management One Co. Ltd. boosted its position in Retail Opportunity Investments by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock worth $3,208,000 after purchasing an additional 972 shares during the period. Creative Planning boosted its position in Retail Opportunity Investments by 6.7% during the third quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 1,194 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Retail Opportunity Investments by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,289 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Retail Opportunity Investments by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 183,780 shares of the real estate investment trust’s stock worth $2,891,000 after purchasing an additional 1,400 shares during the period. 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.