Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received an average recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$28.25.
Separately, National Bank Financial set a C$28.75 price target on RioCan Real Estate Investment Trust and gave the company an “outperform” rating in a report on Tuesday, January 23rd.
RioCan Real Estate Investment Trust (REI.UN) traded down C$0.23 during midday trading on Friday, hitting C$24.04. The stock had a trading volume of 2,070,000 shares, compared to its average volume of 834,706. RioCan Real Estate Investment Trust has a 12 month low of C$23.06 and a 12 month high of C$27.15. The company has a market cap of $7,760.00, a price-to-earnings ratio of 11.13 and a beta of 0.29.
RioCan Real Estate Investment Trust Company Profile
RioCan Real Estate Investment Trust (RioCan) is a Canada-based unincorporated closed-end real estate investment trust. The Trust owns and manages Canada’s portfolio of shopping centers with ownership interests in a portfolio of approximately 300 retail and mixed use properties, including approximately 15 properties under development, containing an aggregate net leasable area (NLA) of approximately 46,973,000 square feet.
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