RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$20.50 Consensus Target Price from Analysts

RioCan Real Estate Investment Trust (TSE:REI.UN) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the stock, 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 price objective among analysts that have updated their coverage on the stock in the last year is C$20.50.

Separately, National Bankshares raised their price target on shares of RioCan Real Estate Investment Trust from C$19.75 to C$21.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th.

RioCan Real Estate Investment Trust Stock Down 0.4%

REI.UN stock opened at C$18.78 on Monday. RioCan Real Estate Investment Trust has a fifty-two week low of C$15.46 and a fifty-two week high of C$20.08. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The stock has a market capitalization of C$5.54 billion, a price-to-earnings ratio of 19.77 and a beta of 1.03. The business’s fifty day moving average price is C$18.88 and its two-hundred day moving average price is C$18.05.

About RioCan Real Estate Investment Trust

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.