BMO Capital Markets Reaffirms “Outperform” Rating for RioCan Real Estate Investment Trust (REI.UN)

BMO Capital Markets reissued their outperform rating on shares of RioCan Real Estate Investment Trust (TSE:REI.UN) in a report released on Monday. They currently have a C$27.00 price target on the real estate investment trust’s stock.

Separately, Raymond James lowered their price target on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.00 and set an outperform rating on the stock in a research note on Thursday, November 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$27.08.

TSE:REI.UN opened at C$25.10 on Monday. The company has a debt-to-equity ratio of 78.51, a quick ratio of 0.13 and a current ratio of 0.59. RioCan Real Estate Investment Trust has a fifty-two week low of C$23.06 and a fifty-two week high of C$26.67. The firm has a market cap of $7.61 billion and a PE ratio of 13.60.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada's largest real estate investment trust with a total enterprise value of approximately $13.7 billion at September 30, 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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Analyst Recommendations for RioCan Real Estate Investment Trust (TSE:REI.UN)

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