RioCan Real Estate Investment Trust (TSE:REI.UN) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$21.00.

Several research firms recently weighed in on REI.UN. Canaccord Genuity Group increased their price target on shares of 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. TD Securities increased their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th.

RioCan Real Estate Investment Trust Stock Up 0.6 %

Shares of REI.UN stock traded up C$0.12 on Friday, hitting C$20.46. The stock had a trading volume of 1,307,975 shares, compared to its average volume of 847,313. The business has a 50 day moving average of C$18.75 and a 200 day moving average of C$17.95. The stock has a market cap of C$6.15 billion, a price-to-earnings ratio of 102.30 and a beta of 1.30. 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 12-month low of C$16.26 and a 12-month high of C$20.83.

About RioCan Real Estate Investment Trust

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.