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

Investment analysts at StockNews.com assumed coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a report released on Sunday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

ROIC has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. Baird R W cut shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

ROIC opened at $17.51 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The business has a 50 day moving average of $17.44 and a 200-day moving average of $16.66. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Retail Opportunity Investments by 1,473.1% during the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,753 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Retail Opportunity Investments during the 4th quarter valued at $40,000. Versant Capital Management Inc increased its holdings in shares of Retail Opportunity Investments by 117.8% in the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 1,932 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Retail Opportunity Investments by 802.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 3,473 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Retail Opportunity Investments by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,289 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

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.