Shares of RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$23.81.
Several analysts recently commented on REI.UN shares. Raymond James Financial raised their price target on shares of RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Canaccord Genuity Group upped their price objective on shares of RioCan Real Estate Investment Trust from C$21.50 to C$22.50 and gave the stock a “hold” rating in a research report on Thursday. National Bank Financial increased their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$24.25 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Desjardins raised their target price on RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on RioCan Real Estate Investment Trust from C$21.00 to C$23.50 and gave the company an “outperform” rating in a research note on Wednesday, May 6th.
Check Out Our Latest Analysis on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Trading Up 0.6%
RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported C$0.52 earnings per share for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%. The firm had revenue of C$304.36 million during the quarter.
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.
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