November 4, 2024

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RioCan Real Estate Investment Trust (TSE:REI.UN) Issues FY 2024 Earnings Guidance

RioCan Real Estate Investment Trust (TSE:REI.UN) Issues FY 2024 Earnings Guidance


RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.790-1.820 for the period. The company issued revenue guidance of -.

RioCan Real Estate Investment Trust Trading Up 0.3 %

Shares of TSE:REI.UN opened at C$17.47 on Friday. The stock has a market capitalization of C$5.25 billion, a PE ratio of 102.76 and a beta of 1.30. RioCan Real Estate Investment Trust has a 1 year low of C$16.26 and a 1 year high of C$19.93. The firm has a fifty day moving average price of C$17.25 and a 200 day moving average price of C$17.77. The company has a current ratio of 0.26, a quick ratio of 0.08 and a debt-to-equity ratio of 93.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Securities decreased their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday, April 24th. National Bankshares cut their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an outperform rating for the company in a research report on Wednesday, April 24th. Finally, Scotiabank lowered shares of RioCan Real Estate Investment Trust from an outperform rating to a sector perform rating and cut their price objective for the company from C$22.50 to C$20.50 in a research report on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$20.86.

Check Out Our Latest Report on REI.UN

RioCan Real Estate Investment Trust Company Profile

(Get Free Report)

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.

Further Reading



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