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RioCan Real Estate Investment Stock Symbol: REI.UN-T

Notes:shopping centres/big box stores

Last Price Recorded: $25.3000 on 2017-05-19

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Date Signal Expert Opinion Price
2017-04-21 BUY on WEAKNESS Greg Newman

This is turning the corner. Retail has been a tough place. They’ve had to release a lot of their Target properties and have done a good job there. He is projecting that they do 3% FFO growth from 2016 to 2018. Very good balance sheet. They have a lot of development and intensification projects that they can use to grow. His target price is $28. On bad days when there is a yield scare, you could pick it up at about $25, get paid some premium, and when it gets to $28 sell some Calls.


Price:
$26.530
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2017-02-27 DON'T BUY Larry Berman CFA, CMT, CTA

If you want to be in the sector, use ZRE-T because sometimes a stock underperforms and sometimes it outperforms.  Recently the sector has been improving while REI.UN-T has not.  REITs are not cheap compared to other places to get a dividend.


Price:
$26.610
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-16 HOLD David Baskin

He is not crazy about retail REITs because of Amazon and other online retailers taking market share away.  Some argue that we are over retailed in Canada.  There is not much growth in REI.UN-T.  He owns CRR.UN-T.  He thinks it has a much more attractive entry point than REI.UN-T.


Price:
$26.760
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-15 COMMENT Brian Madden

A real estate investment trust concentrated in retail shopping centres. It is a bond proxy, so is going to be disadvantaged in an era of secular rising rates. Yields about 5.3%. If you own it, it is probably safe. You will probably continue to get the yield, but the multiple might be under pressure because it is a bond proxy. Also, because it is retail oriented and the Canadian consumer being indebted to historic levels, this would not be his preferred exposure.


Price:
$26.420
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-01-23 COMMENT Steve DiGregorio

A really good business with a great management team. Thinks REITs will do okay, because interest rates will go up slowly/moderately. He doesn’t own this because he doesn’t like retail or office too much, and would rather be in multifamily or industrial where there are better opportunities.


Price:
$26.190
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2016-12-07 DON'T BUY Brian Madden

He is avoiding the space.  It was a trade for the last cycle.  He would avoid this and others in the space.  Rates have been so low for so long and these equities have been so high for so long.  E-commerce is displacing traditional retailers.


Price:
$26.580
Subject:
CANADIAN EQUITIES & FIXED INCOME
Bias:
BULLISH
Owned:
Unknown
2016-11-17 COMMENT Derek Warren

This is going to trade in line with the market. They sold their US portfolio, really lowering their debt and putting that money into development. He is looking for 2016-2017 to be a bit slow in earnings. At this level, it looks quite attractive. He likes REITs that have low debt levels.


Price:
$26.210
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Unknown
2016-11-10 DON'T BUY Ryan Bushell

A solid Canadian company with large holdings in commercial real estate and retail real estate. He doesn’t own real estate, but even if he were inclined, he wouldn’t own at this point in the cycle. Low interest rates have persisted for an extremely long time. What is sparking his interest in the last couple of days following the election, is the move in 10 and 30 year US bonds. There have been significant upturns, and if this is really the catalyst that ends the 35-year bull market in bonds, it is going to be harder for all interest rate sensitive investments, including real estate.


Price:
$25.930
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
No
2016-11-03 HOLD Barry Schwartz

REITs did pretty well up until the summer when they sold off, and he doesn’t know why. From a timing standpoint, REITs seem like a very attractive buy. He doesn’t see anything on the horizon that is going to interrupt their earnings. 5.5% distribution yield. (See Top Picks.)


Price:
$25.760
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2016-11-01 TOP PICK Robert Lauzon

A bellwether in Canada, and he wouldn’t usually pick such a large cap REIT. However, this trades at between $25 and $30, and is coming back down to the low end of its recent trading range. REITs have sold off. This company sold off its US properties earlier this year, so they are the lowest debt to BV that he has ever seen this company trade at in 15 years. Getting close to being included in the TSX 60. If that happens there will be lots of institutional buying. Dividend yield of 5.45%.


Price:
$25.870
Subject:
GLOBAL DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2016-10-25 COMMENT Colin Stewart

One of the larger Canadian REITs and owns a valuable collection of assets. The only caution is that he doesn’t really like the REIT sector right now. The potential of rising interest rates could put downward pressure on the valuation. Feels the 5.3% dividend yield is safe. Over time you will probably do just fine with this.


Price:
$26.410
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
No
2016-10-24 COMMENT Peter Brieger

Generally, he likes REITs. His 2 favourites are Chartwell and H&R, but also likes this one. Leading up to a potential quarter-point hike in interest rates, you may see a bit of weakness in the REITs.


Price:
$26.440
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-10-21 BUY Greg Newman

Have almost no growth, versus 5% for retail peers. Also, trades at a premium to its NAV. They have a 5.3% dividend yield that is accompanied by a 94% payout ratio, which is steadily improving. Has a really good balance sheet. Given where interest rates are, he thinks this is a Buy.


Price:
$26.410
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-18 DON'T BUY Steve DiGregorio

(Market Call Minute.) Wouldn’t want to own this here. Retail is going to be tough for years to come. Amazon is crushing everybody.


Price:
$26.550
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2016-10-03 HOLD Lyle Stein

REI.UN-T vs. MST.UN-T.  MST.UN-T is apartments in the US southwest.  The stock has run.  Don’t switch from REI.UN-T to MST.UN-T. 


Price:
$26.680
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
No
Showing 1 to 15 of 467 entries
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