RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$21.00.
REI.UN has been the topic of a number of research analyst reports. TD Securities raised their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a report on Wednesday. Scotiabank downgraded RioCan Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$22.50 to C$20.50 in a research report on Tuesday, May 14th.
View Our Latest Report on REI.UN
RioCan Real Estate Investment Trust Stock Performance
REI.UN traded up C$0.67 during midday trading on Wednesday, reaching C$19.35. The company's stock had a trading volume of 1,999,428 shares, compared to its average volume of 838,519. The stock has a market cap of C$5.81 billion, a P/E ratio of 96.75 and a beta of 1.30. The company has a fifty day simple moving average of C$17.78 and a 200 day simple moving average of C$17.74. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a twelve month low of C$16.26 and a twelve month high of C$19.93.
About RioCan Real Estate Investment Trust
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Get Free ReportRioCan 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.
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