RioCan Real Estate Investment

REI.UN-T

TSE:REI.UN

27.50
0.12 (0.43%)
RioCan Real Estate Investment Trust is the second-largest real estate investment trust in Canada. It has an enterprise value of approximately $14 billion, and owns 289 primarily retail properties, with a net leasable area of 44 million square feet.
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Analysis and Opinions about REI.UN-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
February 19, 2020
As the stock has not dropped 33% in the last year and have 100% upside, he is not interested as a Contrarian.
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As the stock has not dropped 33% in the last year and have 100% upside, he is not interested as a Contrarian.
DON'T BUY
DON'T BUY
December 10, 2019
He used to criticize them for paying out too much, but they've reduced that. Also, their last few quarters have been good. The challenging thing here is that they're stuck with a lot of retail, and RioCan's anchor was Target; RioCan is still dealing with the shutdown of Target years ago. That said, he likes, but doesn't love it. He's neutral.
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He used to criticize them for paying out too much, but they've reduced that. Also, their last few quarters have been good. The challenging thing here is that they're stuck with a lot of retail, and RioCan's anchor was Target; RioCan is still dealing with the shutdown of Target years ago. That said, he likes, but doesn't love it. He's neutral.
BUY
BUY
December 2, 2019
A good, liquid way to get exposed to Canadian REITs. It's fairly valued now. He expects volatility in world markets going forward, so money will flow into REITs where RioCan will benefit.
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A good, liquid way to get exposed to Canadian REITs. It's fairly valued now. He expects volatility in world markets going forward, so money will flow into REITs where RioCan will benefit.
DON'T BUY
DON'T BUY
October 31, 2019
RioCan vs WPT WPT is a good company, but probably wouldn't own it. It's smaller, and they're trying to grow the portfolio, so they're at the mercy of capital markets. A very competitive market. Hard to do accretive acquisitions. RioCan has been adding residential apartments. Won't change overall aspect, and likes the diversification. A measured approach. But fairly valued. Prefers the industrial sectors to either of these.
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RioCan vs WPT WPT is a good company, but probably wouldn't own it. It's smaller, and they're trying to grow the portfolio, so they're at the mercy of capital markets. A very competitive market. Hard to do accretive acquisitions. RioCan has been adding residential apartments. Won't change overall aspect, and likes the diversification. A measured approach. But fairly valued. Prefers the industrial sectors to either of these.
HOLD
HOLD
October 9, 2019
REITs in general have done well and are now fairly valued -- there are no desk pounding deals out there. You want to own them as they prove they hold their value in the late stages of the bull cycle. As we get more into uncertainty in growth, political turmoil and trade wars the income they generate is good. Don't expect a ton of growth, however, due to the required capex. Yield 5.4%
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REITs in general have done well and are now fairly valued -- there are no desk pounding deals out there. You want to own them as they prove they hold their value in the late stages of the bull cycle. As we get more into uncertainty in growth, political turmoil and trade wars the income they generate is good. Don't expect a ton of growth, however, due to the required capex. Yield 5.4%
DON'T BUY
DON'T BUY
September 24, 2019
Lower interest rates have helped this sector. REI is the 2nd-largest REIT behind Choice. REI has underperformed due to its retail holdings; they tried unsuccessfully to move in the U.S. They're getting more into condos now, which is good. He never bought this because it's all over the place. He prefers Smart REIT. Pays a 5.4% yield, so you can own it for the dividend only.
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Lower interest rates have helped this sector. REI is the 2nd-largest REIT behind Choice. REI has underperformed due to its retail holdings; they tried unsuccessfully to move in the U.S. They're getting more into condos now, which is good. He never bought this because it's all over the place. He prefers Smart REIT. Pays a 5.4% yield, so you can own it for the dividend only.
TOP PICK
TOP PICK
September 4, 2019
Canada's biggest commercial (malls) landowner in Canada's six biggest cities. Pays a 5.8% yield. It's moving from malls to mixed-use properties, like air use above their properties. They have the biggest redevelopment project in Canada now, in downtown Toronto. Low Beta. (Analysts’ price target is $28.38)
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Canada's biggest commercial (malls) landowner in Canada's six biggest cities. Pays a 5.8% yield. It's moving from malls to mixed-use properties, like air use above their properties. They have the biggest redevelopment project in Canada now, in downtown Toronto. Low Beta. (Analysts’ price target is $28.38)
TOP PICK
TOP PICK
August 7, 2019
Canada's biggest operator of commercial properties, focussed in 6 high-income cities. They're pursuing density intensification: selling air rights to build condos and high-rises above commercial properties like malls.
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Canada's biggest operator of commercial properties, focussed in 6 high-income cities. They're pursuing density intensification: selling air rights to build condos and high-rises above commercial properties like malls.
HOLD
HOLD
July 31, 2019
Strong management that will be adding apartments of the highest quality in Canada. The dividend is safe. Yield 5%
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Strong management that will be adding apartments of the highest quality in Canada. The dividend is safe. Yield 5%
DON'T BUY
DON'T BUY
July 29, 2019
The threat of e-commerce Yes, it's a threat, but late cycle these REITs do very well because central banks tend to cut interest rates. When the recession eventually hits, it will hit REITs hard. So, don't buy REITs now. They aren't cheap.
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The threat of e-commerce Yes, it's a threat, but late cycle these REITs do very well because central banks tend to cut interest rates. When the recession eventually hits, it will hit REITs hard. So, don't buy REITs now. They aren't cheap.
PAST TOP PICK
PAST TOP PICK
July 16, 2019
(A Top Pick Apr 30/19, Up 2%) He has 3 REITs and expects them to hold or trend a little upwards. You need to be a little defensive in the summer.
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(A Top Pick Apr 30/19, Up 2%) He has 3 REITs and expects them to hold or trend a little upwards. You need to be a little defensive in the summer.
BUY WEAKNESS
BUY WEAKNESS
July 9, 2019
He thinks they are doing the right things. They have recognized the future of real estate is going to be into urban clusters -- coming office with retail and residential. They disposed off assets that did not fit the plan. The proceeds will be use to buy back stock and spending capital into new development opportunities. He would buy on weakness.
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He thinks they are doing the right things. They have recognized the future of real estate is going to be into urban clusters -- coming office with retail and residential. They disposed off assets that did not fit the plan. The proceeds will be use to buy back stock and spending capital into new development opportunities. He would buy on weakness.
PAST TOP PICK
PAST TOP PICK
June 13, 2019
(A Top Pick Jun 28/18, Up 16%) It has been sort of their steady-eddy bond proxy. It is a defensive value play as retail is under pressure. Pays close to a 6% dividend. They are involved in redevelopment
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(A Top Pick Jun 28/18, Up 16%) It has been sort of their steady-eddy bond proxy. It is a defensive value play as retail is under pressure. Pays close to a 6% dividend. They are involved in redevelopment
BUY
BUY
May 30, 2019
Large retail player in Canada. Owns a small position, as they've expanded into mixed use development. Have sold assets to pay down debt and buy back shares. Building more apartment units. Residential and developmental potential.
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Large retail player in Canada. Owns a small position, as they've expanded into mixed use development. Have sold assets to pay down debt and buy back shares. Building more apartment units. Residential and developmental potential.
TOP PICK
TOP PICK
April 30, 2019
He's moving into safety. It pays a 5% dividend, but don't expect much upside. The Canadian economy looks weak and rates will stay flat. He expects volatility and this is stable. (Analysts’ price target is $27.75)
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He's moving into safety. It pays a 5% dividend, but don't expect much upside. The Canadian economy looks weak and rates will stay flat. He expects volatility and this is stable. (Analysts’ price target is $27.75)
Showing 1 to 15 of 525 entries

RioCan Real Estate Investment(REI.UN-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 15

Stockchase rating for RioCan Real Estate Investment is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

RioCan Real Estate Investment(REI.UN-T) Frequently Asked Questions

What is RioCan Real Estate Investment stock symbol?

RioCan Real Estate Investment is a Canadian stock, trading under the symbol REI.UN-T on the Toronto Stock Exchange (REI-UN-CT). It is usually referred to as TSX:REI.UN or REI.UN-T

Is RioCan Real Estate Investment a buy or a sell?

In the last year, 15 stock analysts published opinions about REI.UN-T. 8 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY on WEAKNESS. Read the latest stock experts' ratings for RioCan Real Estate Investment.

Is RioCan Real Estate Investment a good investment or a top pick?

RioCan Real Estate Investment was recommended as a Top Pick by Benj Gallander on 2020-02-19. Read the latest stock experts ratings for RioCan Real Estate Investment.

Why is RioCan Real Estate Investment stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is RioCan Real Estate Investment worth watching?

15 stock analysts on Stockchase covered RioCan Real Estate Investment In the last year. It is a trending stock that is worth watching.

What is RioCan Real Estate Investment stock price?

On 2020-02-21, RioCan Real Estate Investment (REI.UN-T) stock closed at a price of $27.5.