RioCan Real Estate Investment Trust (TSE:REI.UN) Issues FY 2025 Earnings Guidance

RioCan Real Estate Investment Trust (TSE:REI.UN) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.890-1.920 for the period, compared to the consensus EPS estimate of 1.840. The company issued revenue guidance of -.

RioCan Real Estate Investment Trust Stock Performance

Shares of REI.UN opened at C$19.41 on Friday. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. RioCan Real Estate Investment Trust has a one year low of C$16.26 and a one year high of C$20.83. The firm has a market capitalization of C$5.82 billion, a P/E ratio of 97.05 and a beta of 1.31. The business has a fifty day moving average of C$18.53 and a 200 day moving average of C$18.87.

Analyst Ratings Changes

Several research firms have issued reports on REI.UN. CIBC boosted their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. National Bankshares boosted their price target on RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an “outperform” rating in a report on Thursday. Desjardins dropped their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday. Scotiabank upped their price objective on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, BMO Capital Markets raised RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.75.

Insider Buying and Selling at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Richard Dansereau bought 4,005 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of C$19.47 per share, with a total value of C$77,977.35. Also, Senior Officer Oliver Harrison sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total value of C$75,804.00. Company insiders own 0.31% of the company’s stock.

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.