RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.03 Consensus Price Target from Brokerages

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$21.03.

REI.UN has been the subject of a number of research analyst reports. National Bank Financial increased their target price on shares of RioCan Real Estate Investment Trust from C$22.75 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Royal Bank Of Canada upped their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Finally, Raymond James Financial upped their price target on RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the stock an “outperform” rating in a report on Monday, February 23rd.

RioCan Real Estate Investment Trust Price Performance

REI.UN opened at C$21.34 on Monday. The firm has a 50 day moving average price of C$19.88 and a 200 day moving average price of C$19.35. The company has a market cap of C$6.20 billion, a PE ratio of 92.78 and a beta of 0.87. RioCan Real Estate Investment Trust has a 1 year low of C$16.73 and a 1 year high of C$21.67. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30.

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