Retail Opportunity Investments (NASDAQ:ROIC) PT Lowered to $13.50

Retail Opportunity Investments (NASDAQ:ROICGet Free Report) had its price target cut by research analysts at Wells Fargo & Company from $14.00 to $13.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 12.88% from the company’s current price.

ROIC has been the topic of several other reports. StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Bank of America reiterated an “underperform” rating and set a $12.00 price objective (down previously from $14.50) on shares of Retail Opportunity Investments in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Retail Opportunity Investments presently has a consensus rating of “Hold” and a consensus price target of $14.38.

View Our Latest Stock Report on Retail Opportunity Investments

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $11.96 on Tuesday. The firm has a 50-day moving average of $12.42 and a 200-day moving average of $13.01. The stock has a market cap of $1.52 billion, a PE ratio of 39.87 and a beta of 1.41. Retail Opportunity Investments has a 52-week low of $10.98 and a 52-week high of $15.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Trading of Retail Opportunity Investments

A number of large investors have recently added to or reduced their stakes in ROIC. Clear Street Markets LLC bought a new position in shares of Retail Opportunity Investments during the 3rd quarter worth $29,000. Lindbrook Capital LLC lifted its position in Retail Opportunity Investments by 61.9% during the fourth quarter. Lindbrook Capital LLC now owns 2,514 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 961 shares during the last quarter. EntryPoint Capital LLC raised its position in Retail Opportunity Investments by 155.8% during the first quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 5,309 shares in the last quarter. GAMMA Investing LLC bought a new position in Retail Opportunity Investments during the fourth quarter valued at approximately $125,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Retail Opportunity Investments during the third quarter worth approximately $126,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Company Profile

(Get Free Report)

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.

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