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

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$20.17.

Several equities research analysts have weighed in on REI.UN shares. Scotiabank cut their target price on shares of 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. CIBC cut 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 report on Wednesday, May 7th. Canaccord Genuity Group cut their target price on shares of RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. BMO Capital Markets cut their target price on shares of RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Finally, TD Securities cut their target price on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating on the stock in a report on Monday, March 31st.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust stock traded up C$0.24 during trading hours on Friday, hitting C$17.65. 774,148 shares of the stock were exchanged, compared to its average volume of 780,765. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The stock has a market capitalization of C$5.29 billion, a P/E ratio of 88.25 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 business's 50-day moving average is C$17.08 and its two-hundred day moving average is C$18.01.

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.