StockNews.com Initiates Coverage on Retail Opportunity Investments (NASDAQ:ROIC)

StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report released on Saturday. The firm issued a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on ROIC. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research note on Friday, November 8th. 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 note on Thursday, November 7th. KeyCorp cut Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Finally, 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. One investment 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 has a consensus rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Price Performance

ROIC opened at $17.51 on Friday. The firm has a 50-day moving average price of $17.43 and a 200-day moving average price of $16.57. Retail Opportunity Investments has a twelve month low of $11.87 and a twelve month high of $17.52. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ROIC. GF Fund Management CO. LTD. purchased a new position in Retail Opportunity Investments in the 4th quarter worth approximately $40,000. BCK Capital Management LP purchased a new position in Retail Opportunity Investments in the fourth quarter worth $694,000. Squarepoint Ops LLC grew its position in Retail Opportunity Investments by 106.8% in the fourth quarter. Squarepoint Ops LLC now owns 89,904 shares of the real estate investment trust’s stock worth $1,561,000 after acquiring an additional 46,421 shares in the last quarter. Sagefield Capital LP bought a new position in Retail Opportunity Investments in the fourth quarter valued at $2,389,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Retail Opportunity Investments during the fourth quarter valued at about $868,000. 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.