RioCan Real Estate Investment Trust (TSE:REI.UN) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• RioCan Real Estate Investment Trust (TSE:REI.UN) has received a consensus recommendation of "Moderate Buy" from ten analysts, with eight recommending a buy and two a hold.
• The average 1-year price target for RioCan shares is C$20.30, with recent adjustments from analysts raising and lowering their price targets.
• RioCan focuses on retail and mixed-use properties in Canada, holding a market cap of C$5.43 billion, and has a current stock price around C$18.10.

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$20.30.

Several research firms have weighed in on REI.UN. CIBC decreased their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Canaccord Genuity Group decreased their price target on shares of RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. National Bankshares raised shares of RioCan Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$18.00 to C$19.00 in a research note on Tuesday, July 15th. Scotiabank decreased their price target on shares of RioCan Real Estate Investment Trust from C$21.50 to C$20.50 and set a "sector perform" rating for the company in a research note on Wednesday, May 7th. Finally, Raymond James Financial set a C$20.50 price target on shares of RioCan Real Estate Investment Trust and gave the company an "outperform" rating in a research note on Thursday, July 10th.

RioCan Real Estate Investment Trust Trading Up 1.8%

REI.UN stock traded up C$0.33 during midday trading on Wednesday, hitting C$18.38. The stock had a trading volume of 973,393 shares, compared to its average volume of 737,845. The firm has a market cap of C$5.51 billion, a P/E ratio of 91.90 and a beta of 1.31. 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 1-year low of C$15.46 and a 1-year high of C$20.83. The business has a fifty day moving average price of C$17.76 and a two-hundred day moving average price of C$17.74.

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.