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

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have received a consensus rating of “Reduce” from the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.90.

ROIC has been the topic of a number of research analyst reports. KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday. Robert W. Baird reiterated a “neutral” rating and issued a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday. Wells Fargo & Company boosted their target price on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th.

Retail Opportunity Investments Price Performance

Retail Opportunity Investments stock opened at $17.38 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.24 billion, a P/E ratio of 37.78 and a beta of 1.44. The company has a 50-day moving average price of $15.67 and a 200 day moving average price of $14.05. Retail Opportunity Investments has a 12-month low of $11.80 and a 12-month high of $17.40.

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

Retail Opportunity Investments Announces Dividend

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

Hedge Funds Weigh In On Retail Opportunity Investments

Hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Direct Indexing L.P. acquired a new position in shares of Retail Opportunity Investments in the first quarter worth about $129,000. BNP Paribas Financial Markets lifted its position in Retail Opportunity Investments by 65.4% during the 1st quarter. BNP Paribas Financial Markets now owns 80,788 shares of the real estate investment trust’s stock worth $1,036,000 after acquiring an additional 31,958 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Retail Opportunity Investments by 6.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 40,967 shares of the real estate investment trust’s stock worth $525,000 after acquiring an additional 2,595 shares during the period. Texas Permanent School Fund Corp raised its position in Retail Opportunity Investments by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 110,276 shares of the real estate investment trust’s stock worth $1,414,000 after acquiring an additional 1,476 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Retail Opportunity Investments during the 1st quarter valued at about $351,000. 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.