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

Retail Opportunity Investments Corp. (NASDAQ:ROIC) has been assigned a consensus rating of “Reduce” from the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.20.

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a research report on Monday, March 10th. They set a “hold” rating on the stock.

Retail Opportunity Investments Price Performance

Shares of NASDAQ:ROIC opened at $17.51 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments has a 1 year low of $11.87 and a 1 year high of $17.52. The business has a fifty day simple moving average of $17.47 and a 200 day simple moving average of $16.81. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Hedge Funds Weigh In On Retail Opportunity Investments

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock worth $96,072,000 after buying an additional 75,803 shares during the last quarter. Citigroup Inc. grew its position in shares of Retail Opportunity Investments by 73.9% in the third quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock valued at $3,749,000 after purchasing an additional 101,275 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter valued at about $463,000. Asset Management One Co. Ltd. grew its position in shares of Retail Opportunity Investments by 0.5% in the fourth 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 purchasing an additional 972 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Retail Opportunity Investments by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock valued at $36,920,000 after purchasing an additional 85,037 shares during the last quarter. 97.16% of the stock is 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.