OTCMKTS:RIOCF

RioCan Real Estate Investment Trust (RIOCF) Stock Forecast, Price & News

$15.09

+0.34 (+2.31%)

(As of 06/2/2023 ET)

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Today's Range: $14.80
▼
$15.09
50-Day Range: $14.64
▼
$16.20
52-Week Range: $12.99
▼
$18.00

Volume: 3,358 shs
Average Volume: 15,712 shs
Market Capitalization: N/A

P/E Ratio: 6.13
Dividend Yield: 9.34%
Price Target: $24.75

Profile Analyst Ratings Chart Competitors Dividend Headlines Short Interest

RioCan Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 64.0% Upside
$24.75 Price Target
Short Interest: Bearish
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
RioCan Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.75, RioCan Real Estate Investment Trust has a forecasted upside of 64.0% from its current price of $15.09.
Amount of Analyst Coverage
RioCan Real Estate Investment Trust has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
RioCan Real Estate Investment Trust has a short interest ratio ("days to cover") of 179.2, which indicates bearish sentiment.
Change versus previous month
Short interest in RioCan Real Estate Investment Trust has recently decreased by 4.97%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
RioCan Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 5.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
RioCan Real Estate Investment Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of RioCan Real Estate Investment Trust is 57.26%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RIOCF.

N/A

News and Social Media Coverage

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RioCan Real Estate Investment Trust insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 33.63% of the stock of RioCan Real Estate Investment Trust is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of RioCan Real Estate Investment Trust is 6.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of RioCan Real Estate Investment Trust is 6.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 159.14.

See Top Rated MarketRank™ Stocks Here

About RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Stock

RioCan Real Estate Investment Trust is a closed-end trust, which engages in owning, development, and management of retail-focused properties. Its property portfolio includes mixed-use or urban, grocery anchored, open air, and enclosed centers. The company was founded by Edward Sonshine on July 10, 1981 and is headquartered in Toronto, Canada.

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RIOCF Stock News Headlines

May 25, 2023 | americanbankingnews.com

RioCan Real Estate Investment Trust (RIOCF) to Issue Dividend of $0.07 on June 7th

May 25, 2023 | americanbankingnews.com

RioCan Real Estate Investment Trust (RIOCF) To Go Ex-Dividend on May 30th

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May 19, 2023 | americanbankingnews.com

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) PT Lowered to C$25.50 at Scotiabank

May 16, 2023 | markets.businessinsider.com

Analysts Conflicted on These Financial Names: Physicians Realty (DOC), RioCan Real Estate Investment (OtherRIOCF) and Melcor Developments (OtherMODVF)

May 15, 2023 | finance.yahoo.com

RioCan Real Estate Investment Trust Announces May 2023 Distribution

May 14, 2023 | americanbankingnews.com

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Short Interest Down 15.0% in April

May 13, 2023 | americanbankingnews.com

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Given New C$25.50 Price Target at Desjardins

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May 12, 2023 | americanbankingnews.com

Critical Contrast: RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) versus Alexander & Baldwin (NYSE:ALEX)

May 11, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: RioCan Real Estate Investment (OtherRIOCF), Scentre Group (OtherSTGPF) and Goodman Group (OtherGMGSF)

May 10, 2023 | finance.yahoo.com

RioCan's Strong First Quarter 2023 Results Reinforces Confidence in FFO/Unit Growth Target for the Year

April 23, 2023 | americanbankingnews.com

RioCan Real Estate Investment Trust (RIOCF) to Issue Dividend of $0.07 on May 5th

April 17, 2023 | benzinga.com

RioCan Real Estate Investment Trust Announces April 2023 Distribution

April 17, 2023 | finance.yahoo.com

RioCan Real Estate Investment Trust Announces April 2023 Distribution

April 2, 2023 | americanbankingnews.com

Desjardins Initiates Coverage on RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)

March 30, 2023 | finance.yahoo.com

RioCan Real Estate Investment Trust Schedules First Quarter 2023 Earnings Release, Conference Call and Webcast

March 24, 2023 | americanbankingnews.com

RioCan Real Estate Investment Trust (RIOCF) to Issue Dividend of $0.07 on April 7th

March 1, 2023 | finance.yahoo.com

RioCan Real Estate Investment Trust announces offering of $200 million, Series AG senior unsecured debentures with a coupon of 5.611% and an all-in interest rate of 5.184% after including the benefits of bond forward hedges

February 16, 2023 | msn.com

RioCan Real Estate Investment Trust raises monthly distributions, reports Q4 loss

February 16, 2023 | theglobeandmail.com

RioCan Real Estate Investment Trust raises monthly distributions, reports fourth-quarter loss

February 16, 2023 | seekingalpha.com

RioCan Real Estate Investment Trust raises dividend by 6% to CAD 0.09

February 15, 2023 | finance.yahoo.com

RioCan achieves high end of FFO guidance range and announces 6% distribution increase

January 17, 2023 | msn.com

RioCan Real Estate Investment Trust declares CAD 0.085 dividend

December 30, 2022 | financialpost.com

RioCan Real Estate Investment Trust Schedules Fourth Quarter 2022 Earnings Release, Conference Call and Webcast

December 12, 2022 | apnews.com

RioCan Real Estate Investment TrustEstablishes Automatic Securities Repurchase Plan

December 12, 2022 | finance.yahoo.com

RioCan Real Estate Investment Trust Establishes Automatic Securities Repurchase Plan

See More Headlines

RIOCF Price History

30 days | 90 days | 365 days | Advanced Chart

RIOCF Company Calendar

Ex-Dividend for 5/5 Dividend: 4/27/2023
Dividend Payable: 5/05/2023
Ex-Dividend for 6/7 Dividend: 5/30/2023
Today: 6/03/2023
Dividend Payable: 6/07/2023
Next Earnings (Estimated): 8/07/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Real Estate Investment Trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: OTCMKTS:RIOCF
CUSIP: N/A
CIK: N/A
Web: www.riocan.com
Phone: (416) 866-3033
Fax: N/A
Employees: 600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.75
High Stock Price Forecast: $26.00
Low Stock Price Forecast: $22.75
Forecasted Upside/Downside: +64.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 6.13
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

Key Executives

Jonathan Gitlin
President, Chief Executive Officer & Director

John Ballantyne
Chief Operating Officer

Dennis Blasutti
Chief Financial Officer

George Ho
Vice President-Information Technology

Jennifer Suess
Secretary, Senior Vice President & General Counsel

Key Competitors

View All Competitors

RIOCF Stock - Frequently Asked Questions

Should I buy or sell RioCan Real Estate Investment Trust stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RioCan Real Estate Investment Trust in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RIOCF shares.
View RIOCF analyst ratings or view top-rated stocks.
What is RioCan Real Estate Investment Trust's stock price forecast for 2023?: 2 analysts have issued 12-month target prices for RioCan Real Estate Investment Trust's stock. Their RIOCF share price forecasts range from $22.75 to $26.00. On average, they anticipate the company's share price to reach $24.75 in the next twelve months. This suggests a possible upside of 64.0% from the stock's current price.
View analysts price targets for RIOCF or view top-rated stocks among Wall Street analysts.
How have RIOCF shares performed in 2023?: RioCan Real Estate Investment Trust's stock was trading at $15.5601 on January 1st, 2023. Since then, RIOCF stock has decreased by 3.0% and is now trading at $15.0902.
View the best growth stocks for 2023 here.
Are investors shorting RioCan Real Estate Investment Trust?: RioCan Real Estate Investment Trust saw a drop in short interest in April. As of April 30th, there was short interest totaling 2,111,600 shares, a drop of 15.0% from the April 15th total of 2,483,100 shares. Based on an average daily volume of 5,200 shares, the short-interest ratio is currently 406.1 days.
View RioCan Real Estate Investment Trust's Short Interest.
When is RioCan Real Estate Investment Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our RIOCF earnings forecast.
How often does RioCan Real Estate Investment Trust pay dividends? What is the dividend yield for RioCan Real Estate Investment Trust?: RioCan Real Estate Investment Trust declared a dividend on Tuesday, May 23rd. Investors of record on Wednesday, May 31st will be given a dividend of $0.0667 per share on Wednesday, June 7th. This represents a yield of 5.33%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for RIOCF.

Is RioCan Real Estate Investment Trust a good dividend stock?: RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) pays an annual dividend of $1.41 per share and currently has a dividend yield of 5.49%. RIOCF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.26%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RIOCF.
What is RioCan Real Estate Investment Trust's stock symbol?: RioCan Real Estate Investment Trust trades on the OTCMKTS under the ticker symbol "RIOCF."
How do I buy shares of RioCan Real Estate Investment Trust?: Shares of RIOCF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is RioCan Real Estate Investment Trust's stock price today?: One share of RIOCF stock can currently be purchased for approximately $15.09.
How many employees does RioCan Real Estate Investment Trust have?: The company employs 600 workers across the globe.
How can I contact RioCan Real Estate Investment Trust?: RioCan Real Estate Investment Trust's mailing address is RioCan Yonge Eglinton Centre, Toronto, ON M4P. The official website for the company is www.riocan.com. The company can be reached via phone at (416) 866-3033.

This page (OTCMKTS:RIOCF) was last updated on 6/3/2023 by MarketBeat.com Staff

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