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

6 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 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" REI.UN shares. View REI.UN analyst ratings or view top-rated stocks .

What is RioCan Real Estate Investment Trust's stock price target for 2024?

6 equities research analysts have issued twelve-month price objectives for RioCan Real Estate Investment Trust's shares. Their REI.UN share price targets range from C$19.00 to C$24.00. On average, they predict the company's stock price to reach C$21.71 in the next twelve months. This suggests a possible upside of 22.6% 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 2024?

RioCan Real Estate Investment Trust's stock was trading at C$18.62 at the beginning of the year. Since then, REI.UN stock has decreased by 4.9% and is now trading at C$17.71. View the best growth stocks for 2024 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$1.11 per share and currently has a dividend yield of 6.04%. 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 853.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for REI.UN .

What ETF holds RioCan Real Estate Investment Trust's stock?

Invesco Real Assets ESG ETF holds 7,087 shares of REI.UN stock, representing 2.02% of its portfolio.

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 .

TSE:REI.UN

RioCan Real Estate Investment Trust (REI.UN) Stock Price, News & Analysis

→ This company has increased its dividend every year for 54 years (From DTI) (Ad)

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C$17.71

+0.18 (+1.03%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$17.38
▼
C$17.73
50-Day Range: C$17.52
▼
C$18.90
52-Week Range: C$16.32
▼
C$21.51

Volume: 680,023 shs
Average Volume: 802,666 shs
Market Capitalization: C$5.32 billion

P/E Ratio: 136.23
Dividend Yield: 6.27%
Price Target: C$21.71

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

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RioCan Real Estate Investment Trust MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 22.6% Upside
C$21.71 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
C$62,544 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.85 out of 5 stars

2.4

Analyst's Opinion

Consensus Rating
RioCan Real Estate Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
RioCan Real Estate Investment Trust has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for REI.UN.

1.7

Dividend Strength

Dividend Leadership
RioCan Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 6.04%, 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 853.85%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

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

2.4

News and Social Media Coverage

News Sentiment
RioCan Real Estate Investment Trust has a news sentiment score of 1.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Real Estate companies.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RioCan Real Estate Investment Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$62,544.00 in company stock.
Percentage Held by Insiders
Only 0.26% of the stock of RioCan Real Estate Investment Trust is held by insiders.
Percentage Held by Institutions
Only 34.26% of the stock of RioCan Real Estate Investment Trust is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of RioCan Real Estate Investment Trust is 136.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of RioCan Real Estate Investment Trust is 136.23, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 211.24.
Price to Book Value per Share Ratio
RioCan Real Estate Investment Trust has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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

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.

REI.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

REI.UN Stock News Headlines

March 22, 2024 | insidertrades.com

RioCan Real Estate Investment Trust (TSE:REI.UN) Director Rocky Kim Sells 1,671 Shares

April 12, 2024 | americanbankingnews.com

RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Passes Above 200-Day Moving Average of $18.09

April 19, 2024 | Priority Gold (Ad)

Biden to Launch “FedNOW” [Move Your Money Now]

Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...

February 27, 2024 | ca.finance.yahoo.com

Better Buy in February 2024: RioCan REIT Stock vs. Canadian National Railway Stock

February 23, 2024 | ca.finance.yahoo.com

RioCan Real Estate Investment Trust (RIOCF)

February 11, 2024 | barrons.com

RioCan Real Estate Investment Trust Un

February 2, 2024 | sg.finance.yahoo.com

GLOBAL MARKETS-Stocks, yields slide as Fed signals no rate cut soon

January 31, 2024 | finance.yahoo.com

RioCan Real Estate Investment Trust Announces Appointment of Guy Metcalfe to the Board of Trustees

April 19, 2024 | Priority Gold (Ad)

Biden to Launch “FedNOW” [Move Your Money Now]

January 2, 2024 | finance.yahoo.com

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

December 4, 2023 | ca.finance.yahoo.com

Make $500/Month in Passive Income With Real Estate Stocks

November 25, 2023 | seekingalpha.com

Automotive Properties: 7.8% Yield With An Actual NAV Buffer

November 20, 2023 | msn.com

My 2 Favourite Passive Income Stocks for November 2023

November 17, 2023 | finance.yahoo.com

RioCan Marks Construction Milestone at The Well With Community Ribbon-Cutting, Kicking Off Holiday Programming

September 16, 2023 | seekingalpha.com

RioCan Real Estate Investment Trust announces issuance of $300M series AI senior unsecured debentures

September 12, 2023 | fool.com

RioCan Real Estate Investment Trust (TSX: REI.UN)

August 18, 2023 | investing.com

Riocan REIT (REI_u)

August 15, 2023 | technews.tmcnet.com

RioCan Real Estate Investment Trust Announces August 2023 Distribution

July 17, 2023 | finance.yahoo.com

RioCan Real Estate Investment Trust Announces July 2023 Distribution

June 14, 2023 | finanznachrichten.de

RioCan Real Estate Investment Trust: Riocan Real Estate Investment Trust Announces Results of Voting at Its Annual and Special Meeting

May 14, 2023 | msn.com

'Difficult to get your head around' the barriers to building homes: RioCan CEO

March 30, 2023 | finance.yahoo.com

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

March 6, 2023 | finance.yahoo.com

RioCan Real Estate Investment Trust completes offering of $200 million Series AG senior unsecured debentures

January 13, 2023 | nz.finance.yahoo.com

Does RioCan Real Estate Investment Trust's (TSE:REI.UN) Weak Fundamentals Mean That The Market Could Correct Its Share Price?

November 15, 2022 | benzinga.com

RioCan Real Estate Investment Trust Announces November 2022 Distribution

September 26, 2022 | nasdaq.com

Ex-Dividend Reminder: RioCan REIT, Algonquin Power & Utilities Corp and ProAssurance Corp

August 10, 2022 | theglobeandmail.com

RioCan posts second-quarter net income of $78.5-million

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: REIT - Retail
Sub-Industry: N/A
Current Symbol: TSE:REI.UN
CUSIP: N/A
CIK: N/A
Web: www.riocan.com
Phone: +1-416-8663033
Fax: N/A
Employees: 585
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$21.71
High Stock Price Target: C$24.00
Low Stock Price Target: C$19.00
Potential Upside/Downside: +22.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.13
Trailing P/E Ratio: 136.23
Forward P/E Ratio: 9.83
P/E Growth: N/A
Net Income: C$38.80 million
Net Margins: 3.30%
Pretax Margin: N/A
Return on Equity: 0.51%
Return on Assets: 2.84%

Debt

Debt-to-Equity Ratio: 92.72
Current Ratio: 0.31
Quick Ratio: 0.08

Sales & Book Value

Annual Sales: C$1.18 billion
Price / Sales: 4.51
Cash Flow: C$0.16 per share
Price / Cash Flow: 112.37
Book Value: C$24.75 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 300,460,000
Free Float: N/A
Market Cap: C$5.32 billion
Optionable: Not Optionable
Beta: 1.26

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Key Executives

Mr. Edward Sonshine O.Ont. (Age 72)
Q.C., B.A, LL.B, CEO & Trustee
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

REI.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell RioCan Real Estate Investment Trust stock right now?: 6 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 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" REI.UN shares.
View REI.UN analyst ratings or view top-rated stocks.
What is RioCan Real Estate Investment Trust's stock price target for 2024?: 6 equities research analysts have issued twelve-month price objectives for RioCan Real Estate Investment Trust's shares. Their REI.UN share price targets range from C$19.00 to C$24.00. On average, they predict the company's stock price to reach C$21.71 in the next twelve months. This suggests a possible upside of 22.6% 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 2024?: RioCan Real Estate Investment Trust's stock was trading at C$18.62 at the beginning of the year. Since then, REI.UN stock has decreased by 4.9% and is now trading at C$17.71.
View the best growth stocks for 2024 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$1.11 per share and currently has a dividend yield of 6.04%. 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 853.85%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for REI.UN.

What ETF holds RioCan Real Estate Investment Trust's stock?: Invesco Real Assets ESG ETF holds 7,087 shares of REI.UN stock, representing 2.02% of its portfolio.
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.

This page (TSE:REI.UN) was last updated on 4/19/2024 by MarketBeat.com Staff

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RioCan Real Estate Investment Trust (REI.UN) Stock Price, News & Analysis

RioCan Real Estate Investment Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

Company Ownership

Earnings and Valuation

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

REI.UN Stock Price History

REI.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

REI.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™