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

Key Points

• Analysts give RioCan an average recommendation of "Moderate Buy" across seven firms (five buys, two holds) with an average 1‑year target of C$21.03.
• Several brokers recently raised targets and ratings, led by National Bank Financial lifting its target to C$24.00, while Raymond James and RBC nudged targets to about C$21.75–C$22.00 and maintained "outperform"/"buy" views.
• The REIT trades around C$21.20 with a market cap of C$6.23B, a high valuation and leverage (P/E 92.17, debt‑to‑equity 95.37), and reported quarterly EPS of C$0.43 on revenue of C$347.9M.

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$21.03.

A number of equities analysts have recently issued reports on the company. National Bank Financial increased their target price on RioCan Real Estate Investment Trust from C$22.75 to C$24.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Raymond James Financial increased their target price on RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada raised their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd.

RioCan Real Estate Investment Trust Stock Performance

Shares of REI.UN stock opened at C$21.20 on Monday. The company has a market cap of C$6.23 billion, a price-to-earnings ratio of 92.17 and a beta of 0.81. The stock has a 50 day simple moving average of C$19.76 and a 200-day simple moving average of C$19.28. RioCan Real Estate Investment Trust has a 12-month low of C$16.73 and a 12-month high of C$21.67. 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 (TSE:REI.UN - Get Free Report) last issued its earnings results on Tuesday, February 17th. The real estate investment trust reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$347.92 million during the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.

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. 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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