RioCan Real Estate Investment Trust (TSE:REI.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

RioCan Real Estate Investment Trust (TSE:REI.UN) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$21.13.

A number of research analysts recently weighed in on REI.UN shares. TD Securities raised their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research report on Monday, September 30th. Canaccord Genuity Group raised their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Monday, September 16th.

RioCan Real Estate Investment Trust Stock Performance

The business’s 50-day moving average price is C$18.97 and its 200-day moving average price is C$18.03. RioCan Real Estate Investment Trust has a 1-year low of C$16.26 and a 1-year high of C$20.83. The company has a market cap of C$5.98 billion, a PE ratio of 99.15 and a beta of 1.30. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30.

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.