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

Retail Opportunity Investments Corp. (NASDAQ:ROIC) has received an average rating of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.20.

Separately, StockNews.com assumed coverage on Retail Opportunity Investments in a report on Monday, March 10th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROIC. Principal Financial Group Inc. grew its holdings in 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 buying an additional 75,803 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Retail Opportunity Investments by 73.9% during the 3rd quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock worth $3,749,000 after buying an additional 101,275 shares in the last quarter. Entropy Technologies LP bought a new position in Retail Opportunity Investments in the 4th quarter valued at approximately $463,000. Asset Management One Co. Ltd. increased its holdings in shares of Retail Opportunity Investments by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock worth $3,208,000 after buying an additional 972 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Retail Opportunity Investments by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock valued at $36,920,000 after acquiring an additional 85,037 shares during the last quarter. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ ROIC opened at $17.51 on Wednesday. The firm’s 50-day moving average is $17.47 and its 200-day moving average is $16.78. 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 has a 1 year low of $11.87 and a 1 year high of $17.52. The firm has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

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.