Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) have received an average rating of "Moderate Buy" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$20.17.
A number of equities research analysts have issued reports on REI.UN shares. Desjardins cut their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. National Bankshares downgraded shares of RioCan Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$22.25 to C$18.00 in a report on Monday, April 14th. BMO Capital Markets dropped their price objective on shares of RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Canaccord Genuity Group reduced their target price on RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada decreased their target price on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th.
Read Our Latest Stock Analysis on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Stock Performance
Shares of REI.UN stock traded up C$0.37 during trading hours on Tuesday, reaching C$18.02. 660,555 shares of the company traded hands, compared to its average volume of 753,324. The firm has a 50-day moving average price of C$17.40 and a 200 day moving average price of C$17.88. The company has a market cap of C$5.41 billion, a P/E ratio of 90.10 and a beta of 1.31. 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 has a 12-month low of C$15.46 and a 12-month high of C$20.83.
About RioCan Real Estate Investment Trust
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Get Free ReportRiocan 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.
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