Retail Opportunity Investments Corp. (NASDAQ:ROIC) Given Consensus Rating of “Reduce” by Brokerages

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have earned a consensus recommendation of “Reduce” from the seven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.20.

A number of brokerages recently weighed in on ROIC. BMO Capital Markets lifted their price objective on shares of 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. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Bank of America began coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They set an “underperform” rating and a $14.00 price objective on the stock. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, Baird R W cut Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Retail Opportunity Investments Stock Performance

ROIC opened at $17.45 on Tuesday. Retail Opportunity Investments has a twelve month low of $11.87 and a twelve month high of $17.52. The stock has a market cap of $2.25 billion, a PE ratio of 37.93 and a beta of 1.46. The business’s 50 day moving average is $17.39 and its 200-day moving average is $15.93. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The business had revenue of $83.50 million for the quarter, compared to the consensus estimate of $82.13 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Retail Opportunity Investments will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Retail Opportunity Investments

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Retail Opportunity Investments by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,834,124 shares of the real estate investment trust’s stock worth $22,798,000 after buying an additional 39,980 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Retail Opportunity Investments by 21.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,347 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 2,521 shares during the period. Hsbc Holdings PLC grew its position in Retail Opportunity Investments by 16.4% during the 2nd quarter. Hsbc Holdings PLC now owns 103,085 shares of the real estate investment trust’s stock worth $1,281,000 after purchasing an additional 14,515 shares in the last quarter. Intech Investment Management LLC purchased a new position in Retail Opportunity Investments during the 2nd quarter worth approximately $207,000. Finally, Public Sector Pension Investment Board raised its stake in Retail Opportunity Investments by 8.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 280,448 shares of the real estate investment trust’s stock valued at $3,486,000 after purchasing an additional 22,180 shares during the period. 97.16% of the stock is owned by 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.