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S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Fed Can't Save Us This Time (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Fed Can't Save Us This Time (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Fed Can't Save Us This Time (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
TSE:REI.UN

RioCan Real Estate Investment Trust - REI.UN Stock Forecast, Price & News

C$21.30
-0.20 (-0.93%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
C$21.20
C$21.43
50-Day Range
C$19.39
C$21.80
52-Week Range
C$19.27
C$26.11
Volume
N/A
Average Volume
962,672 shs
Market Capitalization
C$6.77 billion
P/E Ratio
11.39
Dividend Yield
4.74%
Price Target
C$25.71

RioCan Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
20.7% Upside
C$25.71 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.58mentions of RioCan Real Estate Investment Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
C$177,422 Sold Last Quarter
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.

2.31 out of 5 stars

REI.UN stock logo

About RioCan Real Estate Investment Trust (TSE:REI.UN) Stock

RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. Our portfolio is comprised of 233 properties, including 16 development properties, with an aggregate net leasable area of approximately 38.7 million square feet.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on REI.UN. Royal Bank of Canada cut their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Thursday, May 12th. National Bankshares raised their target price on shares of RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a report on Wednesday, August 10th. Finally, CIBC cut their price target on RioCan Real Estate Investment Trust from C$25.00 to C$24.00 in a report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$25.56.

RioCan Real Estate Investment Trust Price Performance

Shares of TSE:REI.UN traded down C$0.20 during mid-day trading on Wednesday, reaching C$21.30. 802,581 shares of the company traded hands, compared to its average volume of 962,672. RioCan Real Estate Investment Trust has a fifty-two week low of C$19.27 and a fifty-two week high of C$26.11. The company has a debt-to-equity ratio of 87.02, a current ratio of 0.46 and a quick ratio of 0.11. The firm has a market cap of C$6.77 billion and a PE ratio of 11.50. The stock has a fifty day simple moving average of C$20.40 and a 200-day simple moving average of C$22.74.

Insider Activity at RioCan Real Estate Investment Trust

In related news, Senior Officer John Ballantyne acquired 4,900 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were acquired at an average price of C$20.47 per share, for a total transaction of C$100,278.50. Following the completion of the purchase, the insider now directly owns 68,992 shares of the company's stock, valued at C$1,411,921.28. In other RioCan Real Estate Investment Trust news, Senior Officer John Ballantyne purchased 4,900 shares of the firm's stock in a transaction on Tuesday, June 21st. The shares were purchased at an average price of C$20.47 per share, for a total transaction of C$100,278.50. Following the completion of the transaction, the insider now owns 68,992 shares in the company, valued at approximately C$1,411,921.28. Also, insider Naftali Sturm sold 2,639 shares of RioCan Real Estate Investment Trust stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of C$20.18, for a total transaction of C$53,243.94.

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REI.UN Stock News Headlines

RioCan posts second-quarter net income of $78.5-million
RIOCAN REAL EST UN
2 Top REITs to Build an Income Stream
Is RioCan (TSX:REI.UN) the Best Canadian REIT to Buy Now?
Stocks in play: RioCan Real Estate Investment Trust
See More Headlines
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Industry, Sector and Symbol

Industry
REIT - Retail
Sub-Industry
N/A
Current Symbol
TSE:REI.UN
CIK
N/A
Fax
N/A
Employees
585
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$25.71
High Stock Price Forecast
C$28.00
Low Stock Price Forecast
C$24.00
Forecasted Upside/Downside
+20.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.23 billion
Cash Flow
C$0.24 per share
Book Value
C$26.15 per share

Miscellaneous

Free Float
N/A
Market Cap
C$6.77 billion
Optionable
Not Optionable
Beta
N/A














REI.UN Stock - Frequently Asked Questions

Should I buy or sell RioCan Real Estate Investment Trust stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RioCan Real Estate Investment Trust in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" REI.UN shares.
View REI.UN analyst ratings
or view top-rated stocks.

What is RioCan Real Estate Investment Trust's stock price forecast for 2022?

5 equities research analysts have issued twelve-month price targets for RioCan Real Estate Investment Trust's stock. Their REI.UN share price forecasts range from C$24.00 to C$28.00. On average, they predict the company's share price to reach C$25.71 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price.
View analysts price targets for REI.UN
or view top-rated stocks among Wall Street analysts.

How have REI.UN shares performed in 2022?

RioCan Real Estate Investment Trust's stock was trading at C$22.94 at the start of the year. Since then, REI.UN stock has decreased by 7.1% and is now trading at C$21.30.
View the best growth stocks for 2022 here
.

Is RioCan Real Estate Investment Trust a good dividend stock?

RioCan Real Estate Investment Trust (TSE:REI.UN) pays an annual dividend of C$0.99 per share and currently has a dividend yield of 4.74%. REI.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for REI.UN.

What is RioCan Real Estate Investment Trust's stock symbol?

RioCan Real Estate Investment Trust trades on the Toronto Stock Exchange (TSX) under the ticker symbol "REI.UN."

How do I buy shares of RioCan Real Estate Investment Trust?

Shares of REI.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is RioCan Real Estate Investment Trust's stock price today?

One share of REI.UN stock can currently be purchased for approximately C$21.30.

How much money does RioCan Real Estate Investment Trust make?

RioCan Real Estate Investment Trust (TSE:REI.UN) has a market capitalization of C$6.77 billion and generates C$1.23 billion in revenue each year.

How many employees does RioCan Real Estate Investment Trust have?

The company employs 585 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 2300 Yonge Street, Suite 500, Box 2386, TORONTO, ON M4P 1E4, Canada. The official website for the company is www.riocan.com. The real estate investment trust can be reached via phone at +1-416-8663033.

This page (TSE:REI.UN) was last updated on 8/18/2022 by MarketBeat.com Staff

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