ROIC Stock Summary and Trading Ideas (Retail Opportunity Investments Corp. | NASDAQ:ROIC)

Retail Opportunity Investments Corp is a self-managed real estate investment trust. The company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company's primary business is the ownership, management, and redevelopment of retail real estate properties.

Retail Opportunity Investments Corp. trades on the NASDAQ stock market under the symbol ROIC.

As of November 13, 2024, ROIC stock price declined to $17.33 with 2,012,218 million shares trading.

ROIC has a beta of 0.38, meaning it tends to be less sensitive to market movements. ROIC has a correlation of 0.03 to the broad based SPY ETF.

ROIC has a market cap of $2.23 billion. This is considered a Mid Cap stock.

Last quarter Retail Opportunity Investments Corp. reported $83 million in Revenue and $.25 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$.01.

In the last 3 years, ROIC traded as high as $20.09 and as low as $10.99.

The top ETF exchange traded funds that ROIC belongs to (by Net Assets): IJR, VNQ, IWM, VTI, VB.

ROIC has outperformed the market in the last year with a price return of +49.2% while the SPY ETF gained +37.1%. ROIC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.3% and +11.7%, respectively, while the SPY returned +12.3% and +2.7%, respectively.

ROIC support price is $17.07 and resistance is $17.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ROIC shares will trade within this expected range on the day.