Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target at C$20.61

RioCan Real Estate Investment Trust (TSE:REI.UN) has received an average rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$20.61.

A number of brokerages have commented on REI.UN. BMO Capital Markets lifted their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th. National Bankshares raised their price objective on RioCan Real Estate Investment Trust from C$19.75 to C$21.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th.

RioCan Real Estate Investment Trust Stock Up 0.7%

TSE:REI.UN opened at C$18.65 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a twelve month low of C$15.46 and a twelve month high of C$20.08. The company has a market cap of C$5.50 billion, a PE ratio of 84.77 and a beta of 0.98. The company’s 50 day moving average is C$18.71 and its two-hundred day moving average is C$18.39.

RioCan Real Estate Investment Trust (TSE:REI.UN) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported C($0.41) EPS for the quarter. The company had revenue of C$371.17 million for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.

About RioCan Real Estate Investment Trust

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan’s tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.