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

Key Points

• Moderate Buy consensus from seven brokerages (five Buy, two Hold) with an average 1‑year target price of C$20.88.
• Several analysts recently raised targets and ratings — Raymond James to C$21.75, RBC to C$22.00 and National Bank Financial to C$22.75 — each assigning an outperform/buy view.
• REI.UN opened at C$19.54 (50‑day C$19.47, 200‑day C$19.10) with a market cap of ~C$5.74B and 52‑week range C$15.46–C$20.23, but shows a high P/E (~84.96) and substantial leverage (debt‑to‑equity ~95%).

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$20.88.

REI.UN has been the subject of a number of research analyst reports. Raymond James Financial lifted their price target on RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the company an "outperform" rating in a report on Monday, February 23rd. Royal Bank Of Canada increased their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Finally, National Bank Financial raised their price objective on shares of RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the company an "outperform" rating in a research report on Friday, February 20th.

RioCan Real Estate Investment Trust Trading Up 2.9%

REI.UN stock opened at C$19.54 on Thursday. The business has a fifty day moving average price of C$19.47 and a 200 day moving average price of C$19.10. 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 fifty-two week low of C$15.46 and a fifty-two week high of C$20.23. The stock has a market capitalization of C$5.74 billion, a price-to-earnings ratio of 84.96 and a beta of 0.90.

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported C$0.43 EPS for the quarter. The company had revenue of C$347.92 million for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.

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.

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