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

RioCan Real Estate Investment Trust (TSE:REI.UN) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$20.61.

Separately, BMO Capital Markets raised their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a report on Wednesday, November 19th.

RioCan Real Estate Investment Trust Stock Up 1.3%

TSE:REI.UN opened at C$19.96 on Wednesday. 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 has a 12-month low of C$15.46 and a 12-month high of C$20.23. The stock’s fifty day simple moving average is C$19.24 and its 200-day simple moving average is C$18.85. The firm has a market capitalization of C$5.89 billion, a P/E ratio of 90.73 and a beta of 1.05.

RioCan Real Estate Investment Trust Company Profile

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.