Retail Opportunity Investments Corp. (NASDAQ:ROIC) Receives $16.20 Consensus Price Target from Brokerages

Retail Opportunity Investments Corp. (NASDAQ:ROIC) has earned an average recommendation of “Reduce” from the seven brokerages that are presently covering the company, 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 price target among analysts that have issued a report on the stock in the last year is $16.20.

Separately, StockNews.com started coverage on shares of Retail Opportunity Investments in a research note on Sunday, April 27th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new stake in shares of Retail Opportunity Investments during the fourth quarter valued at approximately $40,000. Versant Capital Management Inc increased its holdings in shares of Retail Opportunity Investments by 117.8% in the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 1,932 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Retail Opportunity Investments by 802.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 3,473 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Retail Opportunity Investments by 188.0% during the fourth 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. Finally, KBC Group NV boosted its position in shares of Retail Opportunity Investments by 51.7% during the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 2,053 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Price Performance

Shares of NASDAQ ROIC opened at $17.51 on Thursday. Retail Opportunity Investments has a fifty-two week low of $11.87 and a fifty-two week high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The firm’s 50-day simple moving average is $17.51 and its 200 day simple moving average is $17.30.

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.