RioCan Real Estate Investment Trust (TSE:REI.UN) Given Consensus Rating of "Moderate Buy" by Brokerages

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$21.71.

A number of equities analysts recently weighed in on the company. CIBC upped their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. National Bankshares lifted their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of RioCan Real Estate Investment Trust from C$19.00 to C$20.50 in a research report on Monday, October 28th. 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. Finally, Canaccord Genuity Group raised their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a "buy" rating in a research report on Monday, September 16th.

RioCan Real Estate Investment Trust Stock Up 0.4 %

RioCan Real Estate Investment Trust stock traded up C$0.08 during midday trading on Monday, reaching C$19.08. The company's stock had a trading volume of 482,790 shares, compared to its average volume of 800,749. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. RioCan Real Estate Investment Trust has a 52-week low of C$16.26 and a 52-week high of C$20.83. The stock has a market capitalization of C$5.72 billion, a P/E ratio of 95.00 and a beta of 1.31. The stock's 50-day simple moving average is C$19.69 and its 200-day simple moving average is C$18.27.

RioCan Real Estate Investment Trust Company Profile

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.