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

Retail Opportunity Investments Corp. (NASDAQ:ROIC) has received an average recommendation of “Reduce” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.20.

Separately, Wall Street Zen started coverage on Retail Opportunity Investments in a research report on Wednesday, May 21st. They set a “hold” rating on the stock.

Retail Opportunity Investments Price Performance

ROIC opened at $17.51 on Friday. The firm has a 50-day moving average price of $17.51 and a 200-day moving average price of $17.48. Retail Opportunity Investments has a twelve month low of $12.08 and a twelve month 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. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Institutional Trading of Retail Opportunity Investments

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBRA Capital Ltd bought a new position in shares of Retail Opportunity Investments in the fourth quarter worth $2,011,000. Polar Asset Management Partners Inc. purchased a new position in Retail Opportunity Investments during the fourth quarter worth about $868,000. GF Fund Management CO. LTD. bought a new position in Retail Opportunity Investments in the 4th quarter worth about $40,000. BCK Capital Management LP bought a new position in Retail Opportunity Investments in the 4th quarter worth about $694,000. Finally, Squarepoint Ops LLC boosted its position in shares of Retail Opportunity Investments by 106.8% during the 4th quarter. Squarepoint Ops LLC now owns 89,904 shares of the real estate investment trust’s stock valued at $1,561,000 after acquiring an additional 46,421 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other 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.