RioCan Real Estate Investment Trust (TSE:REI.UN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$20.17.

REI.UN has been the topic of a number of recent analyst reports. National Bankshares downgraded shares of RioCan Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$22.25 to C$18.00 in a report on Monday, April 14th. CIBC lowered their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada dropped 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. TD Securities reduced their price target on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Scotiabank dropped their price objective on RioCan Real Estate Investment Trust from C$21.50 to C$20.50 and set a "sector perform" rating on the stock in a report on Wednesday, May 7th.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust stock traded up C$0.07 during mid-day trading on Tuesday, hitting C$17.71. The company had a trading volume of 746,507 shares, compared to its average volume of 756,725. The company has a market capitalization of C$5.31 billion, a price-to-earnings ratio of 88.55 and a beta of 1.31. RioCan Real Estate Investment Trust has a 12-month low of C$15.46 and a 12-month high of C$20.83. The company's fifty day moving average is C$17.37 and its 200-day moving average is C$17.89. 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 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.