Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) Target Price at C$20.61

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$20.61.

Several research firms have commented on REI.UN. National Bankshares lifted their target price 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. BMO Capital Markets raised their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a report on Wednesday, November 19th.

RioCan Real Estate Investment Trust Stock Up 1.9%

Shares of REI.UN opened at C$20.00 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a 12 month low of C$15.46 and a 12 month high of C$20.23. The firm’s 50 day moving average is C$18.91 and its 200-day moving average is C$18.62. The stock has a market capitalization of C$5.90 billion, a PE ratio of 90.91 and a beta of 1.09.

RioCan Real Estate Investment Trust (TSE:REI.UN) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported C($0.41) earnings per share (EPS) for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.The company had revenue of C$371.17 million for the quarter.

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.