RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$22.50

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price boosted by Scotia from C$22.25 to C$22.50 in a report published on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on the company. Raymond James Financial boosted their price target on RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. BMO Capital Markets increased their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. TD lifted their target price on RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. National Bank Financial boosted their target price on RioCan Real Estate Investment Trust from C$24.00 to C$24.25 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price target on RioCan Real Estate Investment Trust from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$23.81.

RioCan Real Estate Investment Trust Trading Up 0.6%

Shares of RioCan Real Estate Investment Trust stock opened at C$21.73 on Thursday. RioCan Real Estate Investment Trust has a 1 year low of C$17.51 and a 1 year high of C$23.25. 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 capitalization of C$6.32 billion, a P/E ratio of 26.18 and a beta of 0.95. The company’s fifty day moving average is C$22.59 and its two-hundred day moving average is C$21.04.

RioCan Real Estate Investment Trust (TSE:REI.UN) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported C$0.52 EPS for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%. The company had revenue of C$304.36 million for the quarter.

RioCan Real Estate Investment Trust Company Profile

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.