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

RioCan Real Estate Investment Trust (TSE:REI.UN) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$20.61.

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research note on Wednesday, November 19th. National Bankshares lifted their price target on shares of RioCan Real Estate Investment Trust from C$19.75 to C$21.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th.

RioCan Real Estate Investment Trust Price Performance

Shares of TSE REI.UN opened at C$18.60 on Tuesday. The stock has a market cap of C$5.49 billion, a P/E ratio of 84.55 and a beta of 0.98. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. The firm’s 50-day simple moving average is C$18.74 and its 200 day simple moving average is C$18.36. RioCan Real Estate Investment Trust has a fifty-two week low of C$15.46 and a fifty-two week high of C$20.08.

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

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.