RioCan Real Estate Investment Trust (TSE:REI.UN) Given Average Recommendation of “Moderate Buy” by Analysts

RioCan Real Estate Investment Trust (TSE:REI.UN) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$21.00.

REI.UN has been the topic of a number of analyst reports. TD Securities increased their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Canaccord Genuity Group upped their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, September 16th.

RioCan Real Estate Investment Trust Stock Performance

TSE REI.UN opened at C$20.46 on Friday. The firm has a 50-day moving average price of C$18.75 and a two-hundred day moving average price of C$17.95. RioCan Real Estate Investment Trust has a 12-month low of C$16.26 and a 12-month high of C$20.83. The company has a market capitalization of C$6.15 billion, a P/E ratio of 102.30 and a beta of 1.30. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada’s largest real estate investment trusts. 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. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.