A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. RioCan Real Estate (REI.UN) received a Buy rating from Raymond James’ analyst Ken Avalos, with a C$27 price target.
Avalos has an average return of 3.1% when recommending RioCan Real Estate.
According to TipRanks.com, Avalos is ranked #516 out of 5262 analysts.
RioCan Real Estate has an analyst consensus of Strong Buy, with a price target consensus of C$27.25.
Based on RioCan Real Estate’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$149 million. In comparison, last year the company had a net profit of C$210 million.
RioCan Real Estate Investment Trust engages in owning, development, management, and operation of shopping centers. Its property portfolio includes grocery anchored, new format retail, urban retail, mixed-use and non-grocery anchored centers. The company was founded by Edward Sonshine on July 10, 1981 and is headquartered in Toronto, Canada.
The company’s shares closed on Tuesday at C$25.65, close to its 52-week high of C$25.83.
