Retail Opportunity Investments (NASDAQ:ROIC) Coverage Initiated by Analysts at StockNews.com

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

Other equities analysts also recently issued reports about the stock. Robert W. Baird reissued a “neutral” rating and set a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Bank of America assumed coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Raymond James cut Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.17.

Retail Opportunity Investments Stock Performance

NASDAQ:ROIC opened at $17.40 on Tuesday. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.42. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 37.83 and a beta of 1.44. The firm’s 50-day moving average is $16.17 and its 200-day moving average is $14.48. 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 (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). Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The business had revenue of $83.50 million for the quarter, compared to analyst estimates of $82.13 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Retail Opportunity Investments will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Retail Opportunity Investments

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings 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 valued at $51,776,000 after acquiring an additional 24,421 shares in the last quarter. Barclays PLC lifted its holdings in Retail Opportunity Investments by 316.7% during the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock valued at $3,331,000 after purchasing an additional 160,981 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Retail Opportunity Investments by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 183,780 shares of the real estate investment trust’s stock worth $2,891,000 after buying an additional 1,400 shares during the period. XTX Topco Ltd bought a new stake in shares of Retail Opportunity Investments during the third quarter worth approximately $267,000. Finally, Quantinno Capital Management LP boosted its stake in Retail Opportunity Investments by 22.9% in the 3rd quarter. Quantinno Capital Management LP now owns 23,073 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 4,302 shares during the period. Institutional investors 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.