Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) Target Price at C$20.61

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have earned an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$20.61.

Several research firms recently issued reports on REI.UN. BMO Capital Markets raised their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th. National Bankshares increased their price objective on 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 Down 1.0%

REI.UN stock opened at C$19.88 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 firm has a 50 day moving average of C$18.83 and a 200 day moving average of C$18.58. The stock has a market capitalization of C$5.86 billion, a PE ratio of 90.36 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 released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported C($0.41) EPS for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.The company had revenue of C$371.17 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.