TD Securities Increases RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$23.00

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price raised by TD Securities from C$22.00 to C$23.00 in a research report issued on Monday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 12.25% from the stock’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$21.13.

RioCan Real Estate Investment Trust Stock Up 0.1 %

TSE:REI.UN traded up C$0.03 on Monday, hitting C$20.49. The stock had a trading volume of 298,882 shares, compared to its average volume of 844,411. RioCan Real Estate Investment Trust has a 52 week low of C$16.26 and a 52 week high of C$20.83. 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 business’s fifty day moving average is C$18.75 and its 200 day moving average is C$17.95. The company has a market cap of C$6.16 billion, a PE ratio of 102.30 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.