Retail Opportunity Investments (NASDAQ:ROIC) Earns Hold Rating from Analysts at StockNews.com

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

A number of other equities analysts also recently issued reports on the company. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Robert W. Baird reiterated a “neutral” rating and set a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Bank of America started coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on 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. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Price Performance

ROIC stock opened at $17.48 on Thursday. The company has a market capitalization of $2.25 billion, a P/E ratio of 38.00 and a beta of 1.45. 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 52-week low of $11.87 and a 52-week high of $17.52. The business has a 50-day simple moving average of $17.41 and a two-hundred day simple moving average of $16.29.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of hedge funds have recently modified their holdings of ROIC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock worth $14,979,000 after purchasing an additional 711,835 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth approximately $10,416,000. New York Life Investment Management LLC bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth approximately $6,389,000. Strategy Asset Managers LLC raised its holdings in shares of Retail Opportunity Investments by 57.7% in the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after purchasing an additional 320,520 shares during the period. Finally, Easterly Investment Partners LLC bought a new stake in shares of Retail Opportunity Investments in the 3rd quarter worth approximately $4,556,000. Institutional investors 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.