RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Has Consensus Price Target of C$23.81

RioCan Real Estate Investment Trust (TSE:REI.UN) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$23.81.

Several equities analysts recently issued reports on REI.UN shares. Canaccord Genuity Group boosted their price target on RioCan Real Estate Investment Trust from C$21.50 to C$22.50 and gave the company a “hold” rating in a research note on Thursday, August 6th. Scotia lifted their price objective on RioCan Real Estate Investment Trust from C$22.25 to C$22.50 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Desjardins boosted their price objective on RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada upped their target price on RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

RioCan Real Estate Investment Trust Stock Performance

TSE REI.UN opened at C$20.75 on Friday. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The firm has a market capitalization of C$6.04 billion, a price-to-earnings ratio of 24.13 and a beta of 0.89. The company’s fifty day moving average is C$21.30 and its two-hundred day moving average is C$21.40. RioCan Real Estate Investment Trust has a 52-week low of C$18.06 and a 52-week high of C$23.25.

RioCan Real Estate Investment Trust (TSE:REI.UN) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported C$0.52 earnings per share (EPS) for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%. The company had revenue of C$304.36 million for the quarter.

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.