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

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have been given a consensus recommendation of “Reduce” by the seven research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.20.

Several analysts have recently weighed in on the stock. Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Bank of America started coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target on the stock. StockNews.com initiated coverage on Retail Opportunity Investments in a report on Tuesday, January 21st. They set a “hold” rating for the company. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th.

Retail Opportunity Investments Stock Down 0.1 %

Shares of ROIC stock opened at $17.44 on Tuesday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 37.91 and a beta of 1.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. Retail Opportunity Investments has a twelve month low of $11.87 and a twelve month high of $17.52. The stock’s 50 day simple moving average is $17.40 and its 200 day simple moving average is $16.04.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Retail Opportunity Investments by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,834,124 shares of the real estate investment trust’s stock valued at $22,798,000 after buying an additional 39,980 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Retail Opportunity Investments by 21.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,347 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 2,521 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Retail Opportunity Investments by 16.4% in the 2nd quarter. Hsbc Holdings PLC now owns 103,085 shares of the real estate investment trust’s stock valued at $1,281,000 after buying an additional 14,515 shares during the period. Intech Investment Management LLC bought a new stake in shares of Retail Opportunity Investments in the 2nd quarter valued at $207,000. Finally, Public Sector Pension Investment Board raised its stake in Retail Opportunity Investments by 8.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 280,448 shares of the real estate investment trust’s stock worth $3,486,000 after buying an additional 22,180 shares during the period. 97.16% of the stock is currently 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.