Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received an average rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$28.18.
A number of brokerages recently weighed in on REI.UN. National Bank Financial set a C$28.75 price objective on shares of RioCan Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. Scotiabank lowered their price objective on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.50 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st.
Shares of RioCan Real Estate Investment Trust (REI.UN) opened at C$23.90 on Wednesday. RioCan Real Estate Investment Trust has a 12 month low of C$23.06 and a 12 month high of C$26.67. The firm has a market capitalization of $7,710.00, a price-to-earnings ratio of 11.06 and a beta of 0.30.
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RioCan Real Estate Investment Trust Company Profile
RioCan Real Estate Investment Trust (RioCan) is a Canada-based unincorporated closed-end real estate investment trust. The Trust owns and manages Canada’s portfolio of shopping centers with ownership interests in a portfolio of approximately 300 retail and mixed use properties, including approximately 15 properties under development, containing an aggregate net leasable area (NLA) of approximately 46,973,000 square feet.
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