Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
A number of other equities research analysts also recently weighed in on the stock. Capital One Financial restated an “equal weight” rating on shares of Retail Opportunity Investments in a research note on Monday, April 18th. Jefferies Financial Group reduced their price target on shares of Retail Opportunity Investments from $20.00 to $15.00 in a research note on Thursday, June 30th. Wells Fargo & Company raised their price target on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, April 7th. Finally, TheStreet upgraded shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research note on Monday, April 25th.
Retail Opportunity Investments Price Performance
ROIC stock opened at $17.46 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.95. Retail Opportunity Investments has a 12 month low of $15.06 and a 12 month high of $20.09. The firm has a market cap of $2.17 billion, a P/E ratio of 37.15, a P/E/G ratio of 1.98 and a beta of 1.37. The company’s 50-day moving average price is $16.53 and its two-hundred day moving average price is $17.89.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.17). Retail Opportunity Investments had a net margin of 19.81% and a return on equity of 4.26%. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, analysts anticipate that Retail Opportunity Investments will post 1.09 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Retail Opportunity Investments
Several hedge funds have recently added to or reduced their stakes in ROIC. Waterfront Capital Partners LLC acquired a new stake in Retail Opportunity Investments during the 4th quarter worth approximately $42,934,000. Aew Capital Management L P boosted its position in Retail Opportunity Investments by 102.7% during the 1st quarter. Aew Capital Management L P now owns 2,325,463 shares of the real estate investment trust’s stock worth $45,091,000 after buying an additional 1,178,000 shares during the period. Millennium Management LLC boosted its position in Retail Opportunity Investments by 51.2% during the 4th quarter. Millennium Management LLC now owns 3,142,352 shares of the real estate investment trust’s stock worth $61,590,000 after buying an additional 1,063,495 shares during the period. State Street Corp boosted its position in Retail Opportunity Investments by 11.9% during the 1st quarter. State Street Corp now owns 7,382,667 shares of the real estate investment trust’s stock worth $144,090,000 after buying an additional 787,907 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in Retail Opportunity Investments by 72.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,772,018 shares of the real estate investment trust’s stock worth $34,359,000 after buying an additional 745,028 shares during the period. 96.17% of the stock is currently owned by institutional investors and hedge funds.
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, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.
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