RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.44 Average PT from Analysts

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$21.44.

REI.UN has been the topic of several analyst reports. TD Securities lifted their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a report on Monday, September 30th. National Bankshares upped their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a report on Wednesday, October 9th. Finally, Canaccord Genuity Group raised their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Monday, September 16th.

RioCan Real Estate Investment Trust Price Performance

REI.UN opened at C$19.33 on Thursday. The stock has a 50-day moving average price of C$19.51 and a 200-day moving average price of C$18.16. The stock has a market capitalization of C$5.80 billion, a P/E ratio of 96.65 and a beta of 1.31. RioCan Real Estate Investment Trust has a 12-month low of C$16.26 and a 12-month high of C$20.83. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37.

About RioCan Real Estate Investment Trust

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.