RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.00 Consensus PT from Brokerages

RioCan Real Estate Investment Trust (TSE:REI.UN) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$21.00.

REI.UN has been the subject of several research analyst reports. Royal Bank Of Canada raised their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Raymond James Financial increased their price objective on RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the company an “outperform” rating in a report on Monday, February 23rd. National Bank Financial raised their target price on RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets boosted their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research note on Wednesday, November 19th.

RioCan Real Estate Investment Trust Stock Performance

Shares of RioCan Real Estate Investment Trust stock opened at C$19.15 on Friday. The business’s fifty day simple moving average is C$19.57 and its 200 day simple moving average is C$19.03. The firm has a market capitalization of C$5.62 billion, a P/E ratio of 83.26 and a beta of 0.90. RioCan Real Estate Investment Trust has a 12 month low of C$15.46 and a 12 month high of C$20.23. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37.

RioCan Real Estate Investment Trust (TSE:REI.UN) last posted its quarterly earnings results on Tuesday, February 17th. The real estate investment trust reported C$0.43 earnings per share for the quarter. The company had revenue of C$347.92 million during the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%.

RioCan Real Estate Investment Trust Company Profile

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan’s tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.