RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$20.50 Consensus PT from Analysts

RioCan Real Estate Investment Trust (TSE:REI.UN) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$20.50.

REI.UN has been the subject of a number of analyst reports. Raymond James Financial set a C$20.50 price target on RioCan Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, July 10th. National Bankshares upped their price target on RioCan Real Estate Investment Trust from C$19.75 to C$21.50 and gave the stock an “outperform” rating in a report on Wednesday.

RioCan Real Estate Investment Trust Stock Down 0.3%

TSE REI.UN opened at C$18.80 on Thursday. The stock has a market cap of C$5.54 billion, a PE ratio of 19.79 and a beta of 1.03. 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. The business has a 50 day moving average price of C$18.50 and a two-hundred day moving average price of C$17.75. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37.

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.