RBC Capital Remains a Buy on RioCan Real Estate Investment (RIOCF)
In a report released on May 9, Pammi Bir from RBC Capital maintained a Buy rating on RioCan Real Estate Investment (RIOCF – Research Report), with a price target of C$21.00. The company’s shares closed last Friday at $12.30.
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Bir covers the Real Estate sector, focusing on stocks such as RioCan Real Estate Investment, Choice Properties Real Estate Investment, and NorthWest Healthcare Properties REIT. According to TipRanks, Bir has an average return of 8.1% and a 54.92% success rate on recommended stocks.
In addition to RBC Capital, RioCan Real Estate Investment also received a Buy from BMO Capital’s Michael Markidis in a report issued on May 7. However, on the same day, Scotiabank maintained a Hold rating on RioCan Real Estate Investment (Other OTC: RIOCF).
RIOCF market cap is currently $3.67B and has a P/E ratio of 19.34.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RIOCF in relation to earlier this year.
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