TD Securities Boosts RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$22.00

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target lifted by TD Securities from C$21.00 to C$22.00 in a research note released on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust’s stock.

Separately, Scotiabank cut shares of RioCan Real Estate Investment Trust from an outperform rating to a sector perform rating and lowered their price objective for the stock from C$22.50 to C$20.50 in a research note on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RioCan Real Estate Investment Trust currently has an average rating of Moderate Buy and an average target price of C$21.00.

RioCan Real Estate Investment Trust Trading Down 0.5 %

Shares of REI.UN stock opened at C$19.24 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. The stock has a 50-day simple moving average of C$17.89 and a 200 day simple moving average of C$17.76. RioCan Real Estate Investment Trust has a fifty-two week low of C$16.26 and a fifty-two week high of C$19.93. The stock has a market capitalization of C$5.78 billion, a P/E ratio of 96.20 and a beta of 1.30.

RioCan Real Estate Investment Trust Company Profile

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.