RioCan Real Estate Investment Trust (TSE:REI.UN) PT Raised to C$22.00 at TD Securities

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

Separately, Scotiabank lowered RioCan Real Estate Investment Trust from an outperform rating to a sector perform rating and dropped their target price for the stock from C$22.50 to C$20.50 in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$21.00.

RioCan Real Estate Investment Trust Stock Down 0.5 %

REI.UN stock opened at C$19.24 on Wednesday. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The stock has a market capitalization of C$5.78 billion, a P/E ratio of 96.20 and a beta of 1.30. The business has a 50-day moving average of C$17.89 and a 200-day moving average of C$17.75. 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.

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.