RioCan Real Estate Investment Trust (REI.UN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$18.76 to C$18.99
• 50-Day Range: C$18.75 to C$20.65
• 52-Week Range: C$16.26 to C$20.83
• Volume: 479,939 shs
• Average Volume: 797,705 shs
• Market Capitalization: C$5.65 billion
• P/E Ratio: 94.10
• Dividend Yield: 5.90%
• Price Target: C$21.71
• Consensus Rating: Moderate Buy

RioCan Real Estate Investment Trust Stock Analysis - MarketRank™

RioCan Real Estate Investment Trust scored higher than 53% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

RioCan Real Estate Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

RioCan Real Estate Investment Trust has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of RioCan Real Estate Investment Trust is 94.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of RioCan Real Estate Investment Trust is 94.10, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 272.83.

Price to Book Value per Share Ratio

RioCan Real Estate Investment Trust has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for REI.UN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

RioCan Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 5.58%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

RioCan Real Estate Investment Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of RioCan Real Estate Investment Trust is 555.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for REI.UN.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: N/A

News Sentiment

RioCan Real Estate Investment Trust has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 1 news article for RioCan Real Estate Investment Trust this week, compared to 0 articles on an average week.

MarketBeat Follows

1 people have added RioCan Real Estate Investment Trust to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, RioCan Real Estate Investment Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$29,319.00 in company stock.

Percentage Held by Insiders

Only 0.31% of the stock of RioCan Real Estate Investment Trust is held by insiders.

Percentage Held by Institutions

40.26% of the stock of RioCan Real Estate Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

REI.UN Stock Analysis - Frequently Asked Questions

How have REI.UN shares performed this year?

RioCan Real Estate Investment Trust's stock was trading at C$18.62 at the start of the year. Since then, REI.UN stock has increased by 1.1% and is now trading at C$18.82.
View the best growth stocks for 2024 here.

How do I buy shares of RioCan Real Estate Investment Trust?

Shares of REI.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Retail
• Sub-Industry: N/A
• Current Symbol: TSE:REI.UN
• CUSIP: N/A
• CIK: N/A
• Web: www.riocan.com
• Phone: +1-416-8663033
• Fax: N/A
• Employees: 568
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$21.71
• High Stock Price Target: C$23.00
• Low Stock Price Target: C$20.50
• Potential Upside/Downside: +15.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.20
• Trailing P/E Ratio: 94.10
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: C$59.79 million
• Net Margins: 4.86%
• Pretax Margin: N/A
• Return on Equity: 0.78%
• Return on Assets: 2.88%

Debt

• Debt-to-Equity Ratio: 95.37
• Current Ratio: 0.30
• Quick Ratio: 0.08

Sales & Book Value

• Annual Sales: C$1.23 billion
• Price / Sales: 4.59
• Cash Flow: C$0.17 per share
• Price / Cash Flow: 112.37
• Book Value: C$25.02 per share
• Price / Book: 0.75

Miscellaneous

• Outstanding Shares: 299,970,000
• Free Float: N/A
• Market Cap: C$5.65 billion
• Optionable: Not Optionable
• Beta: 1.31