RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Has Consensus Target Price of C$23.81 According to Brokerages

by · The Markets Daily

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$23.81.

A number of research analysts recently issued reports on REI.UN shares. Canaccord Genuity Group lifted their price target on RioCan Real Estate Investment Trust from C$21.50 to C$22.50 and gave the company a “hold” rating in a report on Thursday, August 6th. Scotia increased their price objective on shares of RioCan Real Estate Investment Trust from C$22.25 to C$22.50 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Desjardins boosted their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th.

Read Our Latest Stock Analysis on REI.UN

RioCan Real Estate Investment Trust Price Performance

TSE REI.UN opened at C$20.70 on Friday. The firm has a market cap of C$6.03 billion, a PE ratio of 24.07 and a beta of 0.89. RioCan Real Estate Investment Trust has a one year low of C$18.06 and a one year high of C$23.25. The stock’s 50 day simple moving average is C$21.39 and its 200 day simple moving average is C$21.37. 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 (TSE:REI.UN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$304.36 million during the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.

RioCan Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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