Shares of RioCan Real Estate (REI.UN) were revisited by a Wall Street analyst today. Raymond James’ analyst Ken Avalos expressed some doubt about the stock, as it was downgraded to Hold.
According to TipRanks.com, Avalos is a 5-star analyst with an average return of 11.6% and a 82.3% success rate. Avalos covers the Financial sector, focusing on stocks such as RioCan Real Estate Investment Trust, Artis Real Estate Investment Trust, and Pure Multi-Family REIT LP.
RioCan Real Estate has an analyst consensus of Hold.
RioCan Real Estate’s market cap is currently C$8.03B and has a P/E ratio of 14. The company has a Price to Book ratio of 1.04.
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 Monday at C$26.11.
