Retail Opportunity Investments Corp. (NASDAQ:ROIC) Receives Average Rating of “Reduce” from Analysts

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have received an average recommendation of “Reduce” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.20.

Separately, StockNews.com started coverage on shares of Retail Opportunity Investments in a report on Monday. They issued a “hold” rating on the stock.

Retail Opportunity Investments Stock Up 0.1 %

ROIC stock opened at $17.51 on Thursday. Retail Opportunity Investments has a 1-year low of $11.87 and a 1-year high of $17.52. The business’s 50 day simple moving average is $17.51 and its 200 day simple moving average is $17.32. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Retail Opportunity Investments by 1.3% in the 3rd 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 purchasing an additional 75,803 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Retail Opportunity Investments by 0.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock valued at $3,208,000 after acquiring an additional 972 shares during the last quarter. Entropy Technologies LP acquired a new position in Retail Opportunity Investments during the fourth quarter worth about $463,000. Barclays PLC lifted its holdings in shares of Retail Opportunity Investments by 316.7% in the third quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after acquiring an additional 160,981 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Retail Opportunity Investments by 188.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 3,440 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

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.