Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) PT at C$20.86

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$20.86.

REI.UN has been the topic of several analyst reports. Scotiabank downgraded shares of RioCan Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$22.50 to C$20.50 in a report on Tuesday, May 14th. TD Securities lowered their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday, April 24th. Finally, National Bankshares lowered their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust stock opened at C$16.47 on Tuesday. The firm has a market cap of C$4.95 billion, a PE ratio of 96.88 and a beta of 1.28. RioCan Real Estate Investment Trust has a 52-week low of C$16.32 and a 52-week high of C$20.52. The company has a quick ratio of 0.08, a current ratio of 0.26 and a debt-to-equity ratio of 93.99. The company’s 50 day moving average is C$17.39 and its two-hundred day moving average is C$18.03.

RioCan Real Estate Investment Trust Company Profile

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.