Retail Opportunity Investments (NASDAQ:ROIC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

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

Retail Opportunity Investments Stock Up 0.1 %

Shares of ROIC opened at $17.45 on Tuesday. The stock has a 50 day moving average price of $17.40 and a 200 day moving average price of $15.97. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 37.93 and a beta of 1.46.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $83.50 million for the quarter, compared to analyst estimates of $82.13 million. Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Equities research analysts forecast that Retail Opportunity Investments will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Retail Opportunity Investments

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Retail Opportunity Investments by 296.1% during 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. Strategy Asset Managers LLC boosted its stake in shares of Retail Opportunity Investments by 57.7% during the third quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after buying an additional 320,520 shares during the period. Easterly Investment Partners LLC purchased a new position in shares of Retail Opportunity Investments during the third quarter worth about $4,556,000. Barclays PLC increased its position in Retail Opportunity Investments by 316.7% in the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock valued at $3,331,000 after acquiring an additional 160,981 shares during the period. Finally, Citigroup Inc. raised its stake in Retail Opportunity Investments by 73.9% during the 3rd quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock valued at $3,749,000 after acquiring an additional 101,275 shares during 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.