Retail Opportunity Investments Corp (NASDAQ: ROIC) Hogging The Spotlight Today

Currently, there are 126.90M common shares owned by the public and among those 123.29M shares have been available to trade.

The company’s stock has a 5-day price change of 16.77% and 27.76% over the past three months. ROIC shares are trading 12.19% year to date (YTD), with the 12-month market performance up to 7.29% higher. It has a 12-month low price of $10.98 and touched a high of $15.16 over the same period. ROIC has an average intraday trading volume of 855.48K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 21.95%, 24.98%, and 22.95% respectively.

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Institutional ownership of Retail Opportunity Investments Corp (NASDAQ: ROIC) shares accounts for 103.29% of the company’s 126.90M shares outstanding.

It has a market capitalization of $2.01B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 57.78, while the earnings-per-share (ttm) stands at $0.27. The company has a PEG of 7.22 and the debt-to-equity ratio at 1.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.75% over the week and 2.97% over the month.

Earnings per share for the fiscal year are expected to increase by 1.60%, and 10.81% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to -6.20% over the past 5-year period.

Looking at the support for the ROIC, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on April 05, 2024, with the firm’s price target at $14.50-$12. KeyBanc Capital Markets coverage for the Retail Opportunity Investments Corp (ROIC) stock in a research note released on January 05, 2024 offered a Overweight rating with a price target of $16. BofA Securities was of a view on November 06, 2023 that the stock is Neutral, while Wells Fargo gave the stock Equal Weight rating on September 20, 2023, issuing a price target of $14- $15. Raymond James on their part issued Outperform rating on September 05, 2023.

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