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

Research analysts at StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research note issued on Friday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their target price 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. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird restated a “neutral” rating and set 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 lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Finally, Bank of America assumed coverage on shares of 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. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Retail Opportunity Investments currently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ:ROIC opened at $17.51 on Friday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. 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’s 50 day moving average price is $17.42 and its 200-day moving average price is $16.48. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52.

Hedge Funds Weigh In On Retail Opportunity Investments

Several institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Retail Opportunity Investments by 1.3% during the third 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 during the last quarter. Geode Capital Management LLC increased its stake in shares of Retail Opportunity Investments by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock worth $51,776,000 after purchasing an additional 24,421 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Retail Opportunity Investments by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,235,094 shares of the real estate investment trust’s stock worth $56,161,000 after purchasing an additional 1,196,057 shares during the period. Nexpoint Asset Management L.P. bought a new position in Retail Opportunity Investments in the 4th quarter worth $50,490,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Retail Opportunity Investments by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock valued at $41,309,000 after purchasing an additional 32,429 shares in the last quarter. 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.