RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Expected to Rise, National Bank Financial Analyst Says

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target hoisted by National Bank Financial from C$22.50 to C$22.75 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s target price indicates a potential upside of 16.25% from the stock’s current price.

Separately, BMO Capital Markets raised their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research note on Wednesday, November 19th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$20.75.

RioCan Real Estate Investment Trust Price Performance

Shares of TSE REI.UN traded down C$0.01 during mid-day trading on Friday, hitting C$19.57. 522,628 shares of the stock were exchanged, compared to its average volume of 709,489. RioCan Real Estate Investment Trust has a twelve month low of C$15.46 and a twelve month high of C$20.23. The stock’s fifty day simple moving average is C$19.29 and its two-hundred day simple moving average is C$18.86. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The company has a market cap of C$5.77 billion, a P/E ratio of 88.95 and a beta of 1.05.

About RioCan Real Estate Investment Trust

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan’s tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.