Retail Opportunity Investments Corp (NASDAQ: ROIC) is 10.55% higher on its value in year-to-date trading and has touched a low of $10.98 and a high of $15.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ROIC stock was last observed hovering at around $15.65 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $15.51, the stock is 1.69% and 12.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.65 million and changing -0.89% at the moment leaves the stock 17.77% off its SMA200. ROIC registered 16.62% gain for a year compared to 6-month gain of 19.95%.
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The stock witnessed a 3.75% loss in the last 1 month and extending the period to 3 months gives it a 27.34%, and is 1.91% up 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 1.55% over the week and 1.74% over the month.
Retail Opportunity Investments Corp (ROIC) has around 71 employees, a market worth around $1.98B and $335.05M in sales. Current P/E ratio is 56.94 and Fwd P/E is 51.59. Profit margin for the company is 10.26%. Distance from 52-week low is 41.19% and -1.52% from its 52-week high. The company has generated returns on investments over the last 12 months (1.34%).
The EPS is expected to grow by 1.60% this year
345.0 institutions hold shares in Retail Opportunity Investments Corp (ROIC), with institutional investors hold 106.84% of the company’s shares. The shares outstanding are 126.90M, and float is at 123.29M with Short Float at 1.89%. Institutions hold 103.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 23.18 million shares valued at $288.07 million. The investor’s holdings represent 18.3072 of the ROIC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.58 million shares valued at $243.43 million to account for 15.4699 of the shares outstanding. The other top investors are CENTERSQUARE INVESTMENT MANAGEMENT LLC which holds 9.46 million shares representing 7.4745 and valued at over $117.62 million, while STATE STREET CORP holds 5.8512 of the shares totaling 7.41 million with a market value of $93.16 million.
Retail Opportunity Investments Corp (ROIC) Insider Activity
The most recent transaction is an insider purchase by Indiveri Michael J., the company’s Director. SEC filings show that Indiveri Michael J. bought 1,500 shares of the company’s common stock on Oct 30 ’23 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 ’23 that POMERANTZ LAURA H (Director) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Aug 31 ’23 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.
