RioCan Real Estate Investment Trust (TSE:REI.UN) PT Raised to C$21.00 at Canaccord Genuity Group

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price hoisted by Canaccord Genuity Group from C$20.00 to C$21.00 in a research note published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the real estate investment trust’s stock.

Separately, TD Securities boosted their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of C$21.00.

RioCan Real Estate Investment Trust Stock Performance

TSE REI.UN opened at C$20.41 on Monday. The company has a market cap of C$6.13 billion, a P/E ratio of 102.05 and a beta of 1.30. The company has a fifty day simple moving average of C$18.27 and a 200 day simple moving average of C$17.83. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a 12-month low of C$16.26 and a 12-month high of C$20.83.

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.