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

Key Points

• Analyst consensus: RioCan has a "Moderate Buy" consensus from nine analysts (seven buy, two hold) with an average 1‑year target of C$21.00, versus a recent open price of C$19.40.
• Recent upgrades: Multiple firms raised targets and issued outperform ratings recently, including National Bank Financial (to C$22.75), Raymond James (to C$21.75), RBC (to C$22.00) and BMO (to C$21.00).
• Fundamentals and risks: The REIT has a C$5.7B market cap but a high PE (84.35), very high leverage (debt‑to‑equity ~95.4%) and low liquidity (quick ratio 0.08, current ratio 0.30), with a 52‑week range of C$15.46–C$20.23.

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$21.00.

A number of equities analysts recently weighed in on the stock. National Bank Financial lifted their target price on shares of RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the stock an "outperform" rating in a research note on Friday, February 20th. Raymond James Financial upped their price target on shares of RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the company an "outperform" rating in a research report on Monday, February 23rd. Royal Bank Of Canada increased their price target on 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, BMO Capital Markets lifted their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th.

RioCan Real Estate Investment Trust Stock Performance

TSE:REI.UN opened at C$19.40 on Friday. The company has a market capitalization of C$5.70 billion, a PE ratio of 84.35 and a beta of 0.90. The company has a 50 day simple moving average of C$19.55 and a two-hundred day simple moving average of C$19.01. 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 has a fifty-two week low of C$15.46 and a fifty-two week high of C$20.23.

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

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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