Brokerages Set RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target at C$20.17

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat.com reports. Three 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 brokers that have updated their coverage on the stock in the last year is C$20.17.

REI.UN has been the topic of a number of recent analyst reports. CIBC dropped their price target on RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. TD Securities lowered their target price on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. National Bankshares lowered 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 research report on Monday, April 14th. Scotiabank decreased their price objective 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 report on Wednesday, May 7th. Finally, Royal Bank of Canada dropped their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th.

RioCan Real Estate Investment Trust Stock Performance

Shares of RioCan Real Estate Investment Trust stock traded up C$0.08 during mid-day trading on Friday, hitting C$17.41. 437,577 shares of the stock were exchanged, compared to its average volume of 780,826. 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 has a 50-day simple moving average of C$17.07 and a 200 day simple moving average of C$18.04. The company has a market capitalization of C$5.22 billion, a P/E ratio of 87.05 and a beta of 1.31. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30.

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.