Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) is set to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Retail Opportunity Investments Price Performance
Shares of ROIC opened at $13.43 on Tuesday. The business’s 50-day moving average is $13.85 and its two-hundred day moving average is $13.22. The company has a market capitalization of $1.69 billion, a P/E ratio of 46.31, a P/E/G ratio of 7.79 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.13 and a current ratio of 4.13. Retail Opportunity Investments has a fifty-two week low of $10.98 and a fifty-two week high of $15.44.
Wall Street Analyst Weigh In
Several research analysts recently commented on ROIC shares. StockNews.com downgraded Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Bank of America downgraded Retail Opportunity Investments from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $13.00 in a research report on Monday, November 6th. Finally, KeyCorp upgraded Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 target price for the company in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Retail Opportunity Investments currently has a consensus rating of “Hold” and an average price target of $15.00.
Institutional Trading of Retail Opportunity Investments
Institutional investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Retail Opportunity Investments by 4.6% in the second quarter. LPL Financial LLC now owns 14,621 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 644 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Retail Opportunity Investments by 1.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 51,727 shares of the real estate investment trust’s stock valued at $777,000 after purchasing an additional 701 shares during the last quarter. Captrust Financial Advisors increased its stake in Retail Opportunity Investments by 3.4% in the fourth quarter. Captrust Financial Advisors now owns 22,027 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 728 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Retail Opportunity Investments by 8.1% in the second quarter. Ameritas Investment Partners Inc. now owns 10,172 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 760 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Retail Opportunity Investments by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 169,099 shares of the real estate investment trust’s stock valued at $2,285,000 after purchasing an additional 854 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other 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 September 30, 2023, ROIC owned 93 shopping centers encompassing approximately 10.6 million square feet.
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