RioCan Real Estate Investment Trust (TSE:REI.UN) Releases FY 2025 Earnings Guidance

RioCan Real Estate Investment Trust (TSE:REI.UN) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.890-1.920 for the period, compared to the consensus estimate of 1.840. The company issued revenue guidance of -.

RioCan Real Estate Investment Trust Stock Performance

Shares of TSE:REI.UN traded up C$0.04 during trading on Friday, hitting C$19.45. 146,815 shares of the company were exchanged, compared to its average volume of 597,091. The company has a market cap of C$5.83 billion, a PE ratio of 97.25 and a beta of 1.31. RioCan Real Estate Investment Trust has a 52-week low of C$16.26 and a 52-week high of C$20.83. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The stock has a 50 day moving average of C$18.50 and a 200 day moving average of C$18.87.

Analyst Ratings Changes

REI.UN has been the subject of a number of research analyst reports. BMO Capital Markets raised RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. CIBC raised their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, November 13th. Scotiabank raised their price objective on shares of RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “sector perform” rating in a report on Thursday. Desjardins reduced their target price on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday. Finally, National Bankshares lifted their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.75.

Insider Transactions at RioCan Real Estate Investment Trust

In other news, Senior Officer Oliver Harrison sold 4,000 shares of RioCan Real Estate Investment Trust stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total transaction of C$75,804.00. Also, Director Richard Dansereau bought 4,005 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of C$19.47 per share, with a total value of C$77,977.35. Corporate insiders own 0.31% of the company’s stock.

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.