Retail Opportunity Investments Corp. (NASDAQ: ROIC) Loses -41.29% From High. Why That Could Change?


CenterSquare Investment Managemen.. recently announced the acquisition of new stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC). The institutional investor has increased its shareholding in the Real Estate company by 17.32% to 5.1 million shares with purchase of 0.75 million shares. This fresh investment now brings its stake to 4.33% valued currently at $55.44 million. In addition, Adelante Capital Management LLC raised its holdings by 0.13 million to 3.0 million shares. And Geode Capital Management LLC has lifted its position by 2.40% or 52770.0 shares – to 2.25 million shares.

With over 1.13 million Retail Opportunity Investments Corp. (ROIC) shares trading Tuesday and a closing price of $11.26 on the day, the dollar volume was approximately $12.78 million. The shares have shown a negative weekly performance of -2.17% and its price on 09/01/20 gained nearly 1.17%. Currently, there are 116.37M common shares owned by the public and among those 114.99M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for ROIC have a consensus price objective of $12.04. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $9.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Retail Opportunity Investments Corp. stock is 2.60 for the next 12 months. The average price target is 8.08% above its last price level and an upside to the estimated low will see the stock lose -25.11% over that period. But an upside of 24.93% will see the stock hit the forecast high price target while mean target price for the stock is $11.75.

Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 515,382 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 188,122 shares.

The top 3 mutual fund holders in Retail Opportunity Investments Corp. are iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and AM One Shinko US REIT Open. iShares Core S&P Small Cap ETF owns 7.26 million shares of the company’s stock, all valued at over $78.95 million. The company bought an additional 45651.0 shares recently to bring their total holdings to about 6.16% of the shares outstanding. Vanguard Real Estate Index Fund sold 24974.0 shares to see its total holdings shrink to 5.19 million shares valued at over $56.4 million and representing 4.40% of the shares outstanding. AM One Shinko US REIT Open sold -0.54 million shares to bring its total holdings to over 4.27 million shares at a value of $46.36 million. AM One Shinko US REIT Open now owns shares totaling to 3.62% of the shares outstanding.

Shares of Retail Opportunity Investments Corp. (NASDAQ: ROIC) opened at $10.97, down -$0.16 from a prior closing price of $11.13. However, the script later closed the day at $11.26, up 1.17%. The company’s stock has a 5-day price change of -2.17% and -3.26% over the past three months. ROIC shares are trading -36.24% year to date (YTD), with the 12-month market performance down to -36.10% lower. It has a 12-month low price of $5.84 and touched a high of $19.18 over the same period. Currently, 1.13 million shares have been traded, compared to an average intraday trading volume of 1.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.78%, 2.30%, and -12.44% respectively.

Institutional ownership of Retail Opportunity Investments Corp. (NASDAQ: ROIC) shares accounts for 98.70% of the company’s 116.37M shares outstanding. Mutual fund holders own 5.28%, while other institutional holders and individual stakeholders account for 52.48% and 44.41% respectively.

It has a market capitalization of $1.33B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 31.02, while the earnings-per-share (ttm) stands at $0.36. The company has a PEG of 3.88 and the debt-to-equity ratio at 1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.47% over the week and 4.25% over the month.

Analysts forecast that Retail Opportunity Investments Corp. (ROIC) will achieve an EPS of $0.04 for the current quarter, $0.06 for the next quarter and $0.26 for 2021. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 13.20%, and 18.18% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 10.80% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Retail Opportunity Investments Corp. (ROIC) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 7 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the ROIC, a number of firms have released research notes about the stock. CapitalOne stated their Equal Weight rating for the stock in a research note on April 27, 2020, with the firm’s price target at $14. DA Davidson coverage for the Retail Opportunity Investments Corp. (ROIC) stock in a research note released on March 23, 2020 offered a Neutral rating with a price target of. Raymond James was of a view on January 07, 2020 that the stock is Outperform, while CapitalOne gave the stock Overweight rating on October 23, 2019, issuing a price target of $19- $21. KeyBanc Capital Markets on their part issued Overweight rating on July 10, 2019.


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