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S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
BREAKING: Tiny biotech successfully treats blindness (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Words and a 3,000% Return (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
The single greatest medical breakthrough of all time? (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
BREAKING: Tiny biotech successfully treats blindness (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Words and a 3,000% Return (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
The single greatest medical breakthrough of all time? (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
BREAKING: Tiny biotech successfully treats blindness (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Words and a 3,000% Return (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
The single greatest medical breakthrough of all time? (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
TSE:REI.UN

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

C$18.24
-0.54 (-2.88%)
(As of 09/26/2023 ET)
Compare
Today's Range
C$18.22
▼
C$18.83
50-Day Range
C$18.24
▼
C$20.35
52-Week Range
C$17.85
▼
C$23.59
Volume
592,302 shs
Average Volume
574,073 shs
Market Capitalization
C$5.48 billion
P/E Ratio
23.69
Dividend Yield
5.92%
Price Target
C$23.96
ProfileAnalyst RatingsChartCompetitorsHeadlinesSocial Media

RioCan Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
31.4% Upside
C$23.96 Price Target
Short Interest
N/A
Dividend Strength
Weak
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

See Top Rated MarketRank™ Stocks Here

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.

REI.UN Price History

REI.UN Stock News Headlines

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)
September 27, 2023 | Behind the Markets (Ad)
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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
September 27, 2023 | Chaikin Analytics (Ad)
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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
June 15, 2022 | ca.finance.yahoo.com
RioCan Real Estate Investment Trust Announces June 2022 Distribution
February 9, 2022 | theglobeandmail.com
RioCan's 2021 Results Reflect Quality of Portfolio and Tenants
November 10, 2021 | ca.finance.yahoo.com
RioCan REIT net income hit $137.6M in Q3 as businesses reopened following lockdowns
November 10, 2021 | fool.ca
RIOCAN REAL EST UN
November 7, 2021 | msn.com
This Perfect 3-Stock Portfolio Is All You Need
October 8, 2021 | fool.ca
RioCan Real Estate Investment Trust: Earn a 5.4% “Rent Cheque” Without Becoming a Landlord
September 27, 2021 | msn.com
2 Top REITs to Build an Income Stream
September 27, 2021 | finance.yahoo.com
RioCan Real Estate Investment Trust Schedules Third Quarter 2021 Earnings Release, Conference Call and Webcast
September 16, 2021 | ca.finance.yahoo.com
Is RioCan (TSX:REI.UN) the Best Canadian REIT to Buy Now?
August 7, 2021 | fool.ca
TSX:FCR.UN (FIRST CAPITAL REAL ESTATE INVESTMENT TRUST)
May 14, 2021 | markets.businessinsider.com
RioCan Real Estate Investment Trust Announces May 2021 Distribution
May 6, 2021 | gurufocus.com
Riocan Real Estate Investment Trust Stock Gives Every Indication Of Being Fairly Valued
See More Headlines
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Industry, Sector and Symbol

Stock Exchange
TSE
Industry
REIT - Retail
Sub-Industry
N/A
Sector
Real Estate
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 Forecast
C$23.96
High Stock Price Forecast
C$25.50
Low Stock Price Forecast
C$22.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.77
Trailing P/E Ratio
23.69
Forward P/E Ratio
9.92
P/E Growth
N/A
Net Income
C$228.22 million
Net Margins
18.95%
Pretax Margin
N/A
Return on Equity
2.90%
Return on Assets
2.71%

Debt

Debt-to-Equity Ratio
91.20
Current Ratio
0.47
Quick Ratio
0.08

Sales & Book Value

Annual Sales
C$1.20 billion
Price / Sales
4.57
Cash Flow
C$0.16 per share
Price / Cash Flow
112.37
Book Value
C$26.00 per share
Price / Book
0.70

Miscellaneous

Outstanding Shares
300,400,000
Free Float
N/A
Market Cap
C$5.48 billion
Optionable
Not Optionable
Beta
1.18
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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













REI.UN Stock - Frequently Asked Questions

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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RioCan Real Estate Investment Trust in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street 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 2023?

5 analysts have issued 12-month target prices for RioCan Real Estate Investment Trust's shares. Their REI.UN share price forecasts range from C$22.00 to C$25.50. On average, they expect the company's share price to reach C$23.96 in the next twelve months. This suggests a possible upside of 31.4% 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 2023?

RioCan Real Estate Investment Trust's stock was trading at C$21.13 at the beginning of the year. Since then, REI.UN stock has decreased by 13.7% and is now trading at C$18.24.
View the best growth stocks for 2023 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$1.08 per share and currently has a dividend yield of 5.57%. 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 140.26%. Payout ratios above 75% are not desirable because they may not be sustainable.
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$18.24.

How much money does RioCan Real Estate Investment Trust make?

RioCan Real Estate Investment Trust (TSE:REI.UN) has a market capitalization of C$5.48 billion and generates C$1.20 billion in revenue each year. The real estate investment trust earns C$228.22 million in net income (profit) each year or C$0.77 on an earnings per share basis.

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 9/27/2023 by MarketBeat.com Staff

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