RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Rating Reaffirmed by Raymond James
Raymond James reaffirmed their market perform rating on shares of RioCan Real Estate Investment Trust (TSE:REI.UN) in a research report report published on Wednesday, BayStreet.CA reports.
REI.UN has been the subject of several other research reports. CIBC boosted their target price on RioCan Real Estate Investment Trust from C$28.00 to C$29.00 in a research note on Tuesday, August 6th. TD Securities boosted their target price on RioCan Real Estate Investment Trust from C$29.00 to C$30.00 and gave the stock a buy rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$28.00.
REI.UN stock opened at C$26.27 on Wednesday. The stock’s 50 day simple moving average is C$26.26. The stock has a market capitalization of $7.99 billion and a PE ratio of 13.91. RioCan Real Estate Investment Trust has a fifty-two week low of C$23.37 and a fifty-two week high of C$27.08. The company has a debt-to-equity ratio of 77.79, a quick ratio of 0.10 and a current ratio of 0.36.
About RioCan Real Estate Investment Trust
RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work.
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