Brokerages Set RioCan Real Estate Investment Trust (TSE:REI.UN) PT at C$21.03

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$21.03.

Several analysts recently issued reports on REI.UN shares. Royal Bank Of Canada lifted their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. National Bank Financial upped their price objective on shares of RioCan Real Estate Investment Trust from C$22.75 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Raymond James Financial upped their price objective on shares of RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the stock an “outperform” rating in a report on Monday, February 23rd.

RioCan Real Estate Investment Trust Stock Performance

TSE:REI.UN opened at C$21.34 on Monday. The company has a fifty day moving average of C$19.88 and a 200-day moving average of C$19.34. The firm has a market capitalization of C$6.27 billion, a P/E ratio of 92.78 and a beta of 0.81. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a twelve month low of C$16.73 and a twelve month high of C$21.67.

RioCan Real Estate Investment Trust (TSE:REI.UN) last released its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported C$0.43 earnings per share for the quarter. The company had revenue of C$347.92 million during the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%.

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.