RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$23.00

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price lifted by National Bankshares from C$20.00 to C$23.00 in a research note released on Wednesday morning, BayStreet.CA reports.

Other analysts have also issued reports about the stock. TD Securities boosted their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a report on Monday, September 30th. Canaccord Genuity Group boosted their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a buy rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$21.44.

RioCan Real Estate Investment Trust Stock Performance

The firm has a market cap of C$5.83 billion, a PE ratio of 96.60 and a beta of 1.31. RioCan Real Estate Investment Trust has a 1 year low of C$16.26 and a 1 year high of C$20.83. The firm’s fifty day moving average price is C$19.09 and its 200-day moving average price is C$18.07. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30.

About RioCan Real Estate Investment Trust

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.