RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$20.86.
Several equities research analysts have weighed in on the stock. TD Securities cut their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday, April 24th. Scotiabank downgraded RioCan Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$22.50 to C$20.50 in a research note on Tuesday, May 14th. Finally, National Bankshares lowered their price target on RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th.
Read Our Latest Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Stock Performance
REI.UN stock opened at C$17.74 on Wednesday. RioCan Real Estate Investment Trust has a twelve month low of C$16.26 and a twelve month high of C$19.93. The company has a quick ratio of 0.08, a current ratio of 0.26 and a debt-to-equity ratio of 93.99. The company has a market cap of C$5.33 billion, a P/E ratio of 104.35 and a beta of 1.28. The business’s fifty day moving average is C$17.23 and its 200-day moving average is C$17.77.
About RioCan Real Estate Investment Trust
RioCan is one of Canada’s largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. 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.
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