Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) PT at C$20.50

RioCan Real Estate Investment Trust (TSE:REI.UN) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$20.50.

Separately, National Bankshares increased their price objective 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.

RioCan Real Estate Investment Trust Stock Performance

REI.UN opened at C$18.78 on Monday. The stock has a market capitalization of C$5.54 billion, a price-to-earnings ratio of 19.77 and a beta of 1.03. The company has a fifty day moving average of C$18.88 and a 200 day moving average of C$18.06. 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 company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30.

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.