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

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have been assigned a consensus rating of “Reduce” from the seven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.17.

Several analysts recently commented on ROIC shares. StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. Bank of America initiated coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They set an “underperform” rating and a $14.00 price objective for the company. BMO Capital Markets increased their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Wells Fargo & Company boosted their price target on Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th.

Hedge Funds Weigh In On Retail Opportunity Investments

Several hedge funds and other institutional investors have recently made changes to their positions in ROIC. Inspire Investing LLC increased its stake in Retail Opportunity Investments by 3.1% in the first quarter. Inspire Investing LLC now owns 28,070 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 856 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Retail Opportunity Investments by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 35,555 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 927 shares in the last quarter. Creative Planning boosted its holdings in shares of Retail Opportunity Investments by 6.7% in the 3rd quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 1,194 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Retail Opportunity Investments by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Retail Opportunity Investments by 7.4% during the 2nd quarter. Van ECK Associates Corp now owns 18,964 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 1,307 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Price Performance

NASDAQ:ROIC opened at $17.33 on Thursday. Retail Opportunity Investments has a 12-month low of $11.87 and a 12-month high of $17.40. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 37.67 and a beta of 1.44. The stock’s 50 day moving average price is $15.88 and its two-hundred day moving average price is $14.22. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

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 net margin of 17.38% and a return on equity of 4.32%. The business had revenue of $83.50 million during the quarter, compared to the consensus estimate of $82.13 million. During the same quarter last year, the company posted $0.27 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that Retail Opportunity Investments will post 1.04 earnings per share for the current year.

Retail Opportunity Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments’s payout ratio is currently 130.43%.

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.