Brokerages Set Retail Opportunity Investments Corp. (NASDAQ:ROIC) Price Target at $16.20

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

A number of brokerages have recently commented on ROIC. Bank of America began coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective for the company. StockNews.com began coverage on Retail Opportunity Investments in a research report on Friday, February 14th. They issued a “hold” rating for the company. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets lifted their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, November 8th.

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock opened at $17.51 on Friday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 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 fifty-two week low of $11.87 and a fifty-two week high of $17.52. The stock has a fifty day moving average of $17.43 and a two-hundred day moving average of $16.53.

Institutional Investors Weigh In On Retail Opportunity Investments

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position 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 valued at $29,000 after acquiring an additional 1,753 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Retail Opportunity Investments during the fourth quarter worth about $40,000. Allworth Financial LP lifted its stake in shares of 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 purchasing an additional 3,197 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Retail Opportunity Investments by 117.8% during the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 1,932 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Retail Opportunity Investments by 802.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 3,473 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

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.