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RioCan holds the corner of Richmond and Portland streets in Toronto. (JENNIFER ROBERTS For The Globe and Mail)
RioCan holds the corner of Richmond and Portland streets in Toronto. (JENNIFER ROBERTS For The Globe and Mail)

StockReports+

Stock analysis: RioCan REIT gets a nearly perfect score Add to ...

StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries. Globe Unlimited subscribers get unlimited access to these reports from about 7,000 companies, which normally retail for $25 each.

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RioCan Real Estate Investment Trust, Canada’s largest REIT, is back to flirting with 52-week highs after taking a dive nearly a year ago amid fears of higher interest rates.

Higher rates make income securities like REITs less attractive to investors. But despite widespread feelings over the past year that rates were heading higher, they’ve done the opposite, with the yield on the 10-year benchmark U.S. treasury now near its lowest level in months.

This StockReports+ analysis suggests now may be a good time to consider buying units in the company.

StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. RioCan currently scores a nine out of 10, slipping by one point this week due to a decline in the fundamental, risk and relative valuation component scores.

Read more in this comprehensive report.

Read other reports here.

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