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 received an average recommendation of “Moderate Buy” from the nine research 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 brokers that have updated their coverage on the stock in the last year is C$20.61.

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

RioCan Real Estate Investment Trust Stock Performance

REI.UN stock opened at C$19.79 on Wednesday. The stock’s 50 day simple moving average is C$19.09 and its 200 day simple moving average is C$18.78. 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 12-month low of C$15.46 and a 12-month high of C$20.23. The stock has a market capitalization of C$5.84 billion, a PE ratio of 89.95 and a beta of 1.05.

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

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.