RioCan Real Estate Investment Trust (TSE:REI.UN) Given New C$21.75 Price Target at Raymond James Financial

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price boosted by Raymond James Financial from C$21.50 to C$21.75 in a report published on Monday,BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other analysts have also issued reports on the stock. BMO Capital Markets increased their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th. National Bank Financial upped their price objective on shares of RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank Of Canada increased their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Monday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$21.00.

RioCan Real Estate Investment Trust Trading Up 1.3%

Shares of TSE REI.UN opened at C$19.81 on Monday. RioCan Real Estate Investment Trust has a one year low of C$15.46 and a one year high of C$20.23. The firm has a market capitalization of C$5.84 billion, a PE ratio of 90.05 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. The business has a 50-day moving average price of C$19.35 and a two-hundred day moving average price of C$18.91.

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.