TSE:REI.UN

RioCan Real Estate Investment Trust Stock Forecast, Price & News

C$14.16

-0.44 (-3.01 %)

(As of 10/28/2020 12:00 AM ET)

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Today's Range

C$14.15

Now: C$14.16▼

C$14.48

50-Day Range

C$13.92

MA: C$14.59▼

C$15.25

52-Week Range

C$12.41

Now: C$14.16▼

C$27.92

Volume2.18 million shs

Average Volume1.84 million shs

Market CapitalizationC$4.50 billion

P/E Ratio55.75

Dividend Yield9.86%

BetaN/A

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.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
RioCan Real Estate Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$20.41, RioCan Real Estate Investment Trust has a forecasted upside of 44.1% from its current price of C$14.16.
Amount of Analyst Coverage
RioCan Real Estate Investment Trust has received no research coverage in the past 90 days.

2.6 Community Rank

Outperform Votes
RioCan Real Estate Investment Trust has received 419 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
RioCan Real Estate Investment Trust has received 388 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
RioCan Real Estate Investment Trust has received 51.92% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about RioCan Real Estate Investment Trust and other stocks. Vote “Outperform” if you believe REI.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe REI.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
RioCan Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 9.86%, 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 566.93%. Payout ratios above 75% are not desirable because they may not be sustainable.

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.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of RioCan Real Estate Investment Trust is 55.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of RioCan Real Estate Investment Trust is 55.75, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 10.83.
Price to Book Value per Share Ratio
RioCan Real Estate Investment Trust has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.62 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry REIT - Retail

Sub-IndustryN/A

SectorReal Estate

Current SymbolTSE:REI.UN

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.riocan.com

Phone+1-416-8663033

Employees585

Debt

Debt-to-Equity Ratio87.25

Current Ratio0.33

Quick Ratio0.14

Price-To-Earnings

Trailing P/E Ratio55.75

Forward P/E Ratio7.30

P/E GrowthN/A

Sales & Book Value

Annual SalesC$1.26 billion

Price / Sales3.57

Cash FlowC$0.25 per share

Price / Cash Flow55.97

Book ValueC$24.45 per share

Price / Book0.58

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares317,723,008

Market CapC$4.50 billion

Next Earnings DateN/A

OptionableNot Optionable

C$14.16

-0.44 (-3.01 %)

(As of 10/28/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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RioCan Real Estate Investment Trust (TSE:REI.UN) Frequently Asked Questions

How has RioCan Real Estate Investment Trust's stock price been impacted by Coronavirus (COVID-19)?

RioCan Real Estate Investment Trust's stock was trading at C$23.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, REI.UN shares have decreased by 40.3% and is now trading at C$14.16.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of RioCan Real Estate Investment Trust?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RioCan Real Estate Investment Trust in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for RioCan Real Estate Investment Trust.

What price target have analysts set for REI.UN?

5 equities research analysts have issued 12-month target prices for RioCan Real Estate Investment Trust's stock. Their forecasts range from C$18.50 to C$22.00. On average, they anticipate RioCan Real Estate Investment Trust's share price to reach C$20.41 in the next twelve months. This suggests a possible upside of 44.1% from the stock's current price.
View analysts' price targets for RioCan Real Estate Investment Trust.

Who are some of RioCan Real Estate Investment Trust's key competitors?

Some companies that are related to RioCan Real Estate Investment Trust include Choice Properties Real Est Invstmnt Trst (CHP.UN), SmartCentres Real Estate Investment Trst (SRU.UN), British Land Company Plc (BLND.L) (BLND), CT Real Estate Investment Trust (CRT.UN), Shaftesbury PLC (SHB.L) (SHB), SITE Centers (SITC), Hammerson plc (HMSO.L) (HMSO), Slate Retail REIT (SRT.UN), Supermarket Income REIT plc (SUPR.L) (SUPR), Plaza Retail REIT (PLZ.UN), NewRiver REIT plc (NRR.L) (NRR), Capital & Regional (CAL), Intu Properties (INTU), HMG/Courtland Properties (HMG) and The Local Shopping REIT (LSR).
View all competitors.

Who are RioCan Real Estate Investment Trust's key executives?

RioCan Real Estate Investment Trust's management team includes the following people:

Mr. Edward Sonshine O.Ont., Q.C., B.A, LL.B, CEO & Trustee (Age 72)
Mr. Jonathan Gitlin, Pres & COO
Ms. Qi Tang, Sr. VP & CFO
Mr. Jeff Ross, Sr. VP of Leasing & Tenant Coordination
Mr. John Ballantyne Ph.D., Sr. VP of Asset Management

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 and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

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

One share of REI.UN stock can currently be purchased for approximately C$14.16.

How big of a company is RioCan Real Estate Investment Trust?

RioCan Real Estate Investment Trust has a market capitalization of C$4.50 billion and generates C$1.26 billion in revenue each year. RioCan Real Estate Investment Trust employs 585 workers across the globe.

What is RioCan Real Estate Investment Trust's official website?

The official website for RioCan Real Estate Investment Trust is www.riocan.com.

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 real estate investment trust can be reached via phone at +1-416-8663033.

This page was last updated on 10/29/2020 by MarketBeat.com Staff

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