RioCan Real Estate Investment (RIOCF) Gets a Buy from Raymond James
In a report released today, from Raymond James maintained a Buy rating on RioCan Real Estate Investment, with a price target of C$21.75.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
In addition to Raymond James, RioCan Real Estate Investment also received a Buy from BMO Capital’s Michael Markidis in a report issued yesterday. However, on February 18, Canaccord Genuity maintained a Hold rating on RioCan Real Estate Investment (Other OTC: RIOCF).
Based on RioCan Real Estate Investment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$381.37 million and a GAAP net loss of C$120.34 million. In comparison, last year the company earned a revenue of C$298.93 million and had a net profit of C$96.86 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RIOCF in relation to earlier this year.
Read More on RIOCF:
Disclaimer & DisclosureReport an Issue
- RioCan REIT price target raised to C$22 from C$21 at RBC Capital
- RioCan: Operational Strength, Portfolio Simplification, and Capital Discipline Support Buy Rating and $21 Target
- RioCan REIT price target raised to C$20 from C$19.50 at Canaccord
- RioCan REIT price target raised to C$22 from C$21 at CIBC
- RioCan: Solid Property Fundamentals Offset by Higher Interest Costs and Full Valuation Justify Hold Rating
