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

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have received a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.20.

ROIC has been the topic of several research reports. Raymond James cut shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. StockNews.com initiated coverage on Retail Opportunity Investments in a research report on Saturday. They set a “hold” rating for the company. Robert W. Baird reissued a “neutral” rating and issued a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Finally, KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in Retail Opportunity Investments by 1,473.1% in the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,753 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Retail Opportunity Investments by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after buying an additional 75,803 shares in the last quarter. Citigroup Inc. grew its stake in shares of 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 period. Entropy Technologies LP purchased a new stake in Retail Opportunity Investments in the 4th quarter worth approximately $463,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Retail Opportunity Investments by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after acquiring an additional 85,037 shares during the period. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Price Performance

ROIC opened at $17.51 on Friday. The company’s 50-day simple moving average is $17.43 and its two-hundred day simple moving average is $16.56. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.52. The stock has a market capitalization of $2.26 billion, a P/E 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 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.