Retail Opportunity Investments (NASDAQ:ROIC) Earns Hold Rating from Analysts at StockNews.com

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

A number of other equities research analysts have also weighed in on the stock. KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Bank of America started coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They set an “underperform” rating and a $14.00 price objective on the stock. BMO Capital Markets boosted their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Baird R W cut Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Down 0.1 %

Shares of Retail Opportunity Investments stock opened at $17.45 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The firm’s 50-day moving average is $17.41 and its two-hundred day moving average is $16.14. Retail Opportunity Investments has a 1 year low of $11.87 and a 1 year high of $17.52. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 37.93 and a beta of 1.46.

Institutional Trading of Retail Opportunity Investments

A number of institutional investors and hedge funds have recently bought and sold shares of ROIC. Dimensional Fund Advisors LP increased its holdings in Retail Opportunity Investments by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,834,124 shares of the real estate investment trust’s stock valued at $22,798,000 after purchasing an additional 39,980 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Retail Opportunity Investments in the 2nd quarter worth approximately $992,000. AQR Capital Management LLC raised its stake in shares of Retail Opportunity Investments by 50.9% during the second quarter. AQR Capital Management LLC now owns 215,539 shares of the real estate investment trust’s stock valued at $2,679,000 after purchasing an additional 72,718 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Retail Opportunity Investments by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 64,802 shares of the real estate investment trust’s stock valued at $805,000 after purchasing an additional 2,209 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in Retail Opportunity Investments in the 2nd quarter worth $166,000. Institutional investors and hedge funds 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.