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

StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report sent to investors on Friday. The firm issued a hold rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the stock. Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a research note 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 stock a “market perform” rating in a research report on Friday, November 8th. Bank of America assumed coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price for the company. Finally, Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, Retail Opportunity Investments has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ ROIC opened at $17.51 on Friday. The company’s fifty day simple moving average is $17.42 and its 200-day simple moving average is $16.48. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Creative Planning raised 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 acquiring an additional 1,194 shares in the last quarter. Blue Trust Inc. increased its position in Retail Opportunity Investments by 694.3% during the third quarter. Blue Trust Inc. now owns 10,445 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 9,130 shares during the period. Foundations Investment Advisors LLC bought a new position in Retail Opportunity Investments during the third quarter worth about $195,000. International Assets Investment Management LLC grew its stake in Retail Opportunity Investments by 1,473.1% during the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,753 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Retail Opportunity Investments by 4,320.3% during the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 3,197 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

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.