RioCan Real Estate Investment Trust (TSE:REI.UN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$20.88.

REI.UN has been the subject of a number of research analyst reports. National Bank Financial increased their price target on shares of RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the company an “outperform” rating in a report on Friday, February 20th. Raymond James Financial increased their price target on shares of 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. Finally, Royal Bank Of Canada increased their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Monday, February 23rd.

RioCan Real Estate Investment Trust Stock Performance

TSE REI.UN opened at C$20.15 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. The business’s 50 day moving average is C$19.49 and its two-hundred day moving average is C$19.12. RioCan Real Estate Investment Trust has a 12-month low of C$15.46 and a 12-month high of C$20.23. The stock has a market capitalization of C$5.92 billion, a price-to-earnings ratio of 87.61 and a beta of 0.81.

RioCan Real Estate Investment Trust (TSE:REI.UN) last announced its quarterly earnings results on Tuesday, February 17th. The real estate investment trust reported C$0.43 earnings per share (EPS) for the quarter. The business 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%.

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. 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.