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

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

Separately, StockNews.com began coverage on Retail Opportunity Investments in a report on Tuesday. They set a “hold” rating on the stock.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ:ROIC opened at $17.51 on Wednesday. The company has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The stock’s fifty day moving average price is $17.47 and its two-hundred day moving average price is $16.84. Retail Opportunity Investments has a 1 year low of $11.87 and a 1 year high of $17.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of institutional investors and hedge funds have recently made changes to their positions in ROIC. Nexpoint Asset Management L.P. purchased a new stake in shares of Retail Opportunity Investments in the fourth quarter worth $50,490,000. Picton Mahoney Asset Management bought a new position in shares of Retail Opportunity Investments in the fourth quarter worth approximately $27,343,000. Alpine Associates Management Inc. purchased a new stake in Retail Opportunity Investments in the fourth quarter valued at approximately $23,436,000. Water Island Capital LLC bought a new stake in Retail Opportunity Investments during the fourth quarter valued at approximately $22,767,000. Finally, JPMorgan Chase & Co. grew its stake 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 buying an additional 1,196,057 shares in the last quarter. Hedge funds and other 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.