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

RioCan Real Estate Investment Trust (TSE:REI.UN) has earned an average rating of “Moderate Buy” from the nine analysts that are covering the firm, 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 issued ratings on the stock in the last year is C$20.61.

Several equities analysts recently commented on the stock. National Bankshares upped their price target on shares of RioCan Real Estate Investment Trust from C$19.75 to C$21.50 and gave the company an “outperform” rating in a report on Wednesday, October 8th. 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 Up 0.8%

TSE REI.UN opened at C$20.09 on Friday. 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 company has a fifty day moving average of C$18.81 and a two-hundred day moving average of C$18.55. The firm has a market capitalization of C$5.93 billion, a price-to-earnings ratio of 91.32 and a beta of 1.09. RioCan Real Estate Investment Trust has a 52 week low of C$15.46 and a 52 week high of C$20.23.

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

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.