Retail Opportunity Investments Corp (ROIC) Stock Could Soon Reward Patient Investors

Retail Opportunity Investments Corp (NASDAQ: ROIC) is -4.21% lower on its value in year-to-date trading and has touched a low of $10.98 and a high of $15.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ROIC stock was last observed hovering at around $13.75 in the last trading session, with the day’s loss setting it -0.31%.

Currently trading at $13.44, the stock is -3.10% and -2.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing -2.25% at the moment leaves the stock 1.82% off its SMA200. ROIC registered -12.44% loss for a year compared to 6-month loss of -8.20%. The firm has a 50-day simple moving average (SMA 50) of $9.85 and a 200-day simple moving average (SMA200) of $15.16.

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The stock witnessed a -4.00% gain in the last 1 month and extending the period to 3 months gives it a 9.54%, and is -2.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.21% over the month.

Retail Opportunity Investments Corp (ROIC) has around Dec 14 2023 employees, a market worth around $1.69B and $323.78M in sales. Current P/E ratio is 46.28 and Fwd P/E is 48.54. Profit margin for the company is 11.20%. Distance from 52-week low is 22.35% and -12.95% from its 52-week high. The company has generated returns on investments over the last 12 months (1.32%).

Retail Opportunity Investments Corp quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $77.61M over the same period.The EPS is expected to shrink by -36.65% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to shrink -3.20% in year-over-year returns.

Retail Opportunity Investments Corp (ROIC) Top Institutional Holders

334 institutions hold shares in Retail Opportunity Investments Corp (ROIC), with institutional investors hold 107.92% of the company’s shares. The shares outstanding are 124.54M, and float is at 122.14M with Short Float at 3.73%. Institutions hold 104.87% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 23.63 million shares valued at $319.17 million. The investor’s holdings represent 18.75% of the ROIC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 19.75 million shares valued at $266.8 million to account for 15.67% of the shares outstanding. The other top investors are State Street Corporation which holds 7.93 million shares representing 6.29% and valued at over $107.08 million, while CenterSquare Investment Management LLC holds 4.70% of the shares totaling 5.93 million with a market value of $80.08 million.

Retail Opportunity Investments Corp (ROIC) Insider Activity

A total of 1 insider transactions have happened at Retail Opportunity Investments Corp (ROIC) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider purchase by Indiveri Michael J. ,the company’sDirector. SEC filings show that Indiveri Michael J. bought 1,500 shares of the company’s common stock on Oct 30 at a price of $11.16 per share for a total of $16740.0. Following the purchase, the insider now owns 9900.0 shares.

Retail Opportunity Investments Corp disclosed in a document filed with the SEC on Aug 31 that POMERANTZ LAURA H (Director) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Aug 31 and was made at $13.46 per share for $53820.0. Following the transaction, the insider now directly holds 51557.0 shares of the ROIC stock.

Still, SEC filings show that on Mar 07, POMERANTZ LAURA H (Director) disposed off 10,800 shares at an average price of $13.78 for $0.15 million. The insider now directly holds 55,557 shares of Retail Opportunity Investments Corp (ROIC).

Retail Opportunity Investments Corp (ROIC): Who are the competitors?

The company’s main competitors (and peers) include Alexandria Real Estate Equities Inc. (ARE) that is trading -30.42% down over the past 12 months. Vornado Realty Trust (VNO) that is 12.60% higher over the same period.