Retail Opportunity Investments (NASDAQ:ROIC) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report sent to investors on Monday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the stock. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. BMO Capital Markets increased their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Bank of America initiated coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.17.

Retail Opportunity Investments Stock Down 0.1 %

Shares of Retail Opportunity Investments stock opened at $17.37 on Monday. Retail Opportunity Investments has a twelve month low of $11.87 and a twelve month high of $17.40. 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’s 50 day moving average is $16.11 and its 200 day moving average is $14.40. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 37.76 and a beta of 1.44.

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

Retail Opportunity Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.45%. Retail Opportunity Investments’s payout ratio is 130.43%.

Institutional Trading of Retail Opportunity Investments

A number of institutional investors and hedge funds have recently bought and sold shares of ROIC. Principal Financial Group Inc. increased its holdings in Retail Opportunity Investments by 20.4% in the 2nd quarter. Principal Financial Group Inc. now owns 6,031,790 shares of the real estate investment trust’s stock valued at $74,975,000 after acquiring an additional 1,020,314 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock valued at $14,979,000 after acquiring an additional 711,835 shares during the last quarter. Lasalle Investment Management Securities LLC increased its holdings in Retail Opportunity Investments by 14.8% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock valued at $46,783,000 after acquiring an additional 469,905 shares during the last quarter. Strategy Asset Managers LLC increased its holdings in Retail Opportunity Investments by 57.7% in the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock valued at $13,782,000 after acquiring an additional 320,520 shares during the last quarter. Finally, Easterly Investment Partners LLC bought a new stake in Retail Opportunity Investments in the 3rd quarter valued at $4,556,000. 97.16% of the stock is currently 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.