RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$22.00 at Royal Bank Of Canada

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price upped by Royal Bank Of Canada from C$21.00 to C$22.00 in a report released on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other equities analysts also recently issued reports on REI.UN. BMO Capital Markets lifted their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a 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 stock an “outperform” rating in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$21.00.

RioCan Real Estate Investment Trust Stock Up 1.3%

Shares of TSE REI.UN opened at C$19.81 on Monday. RioCan Real Estate Investment Trust has a 52-week low of C$15.46 and a 52-week high of C$20.23. 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 business has a fifty day moving average of C$19.35 and a two-hundred day moving average of C$18.91. The stock has a market cap of C$5.84 billion, a PE ratio of 90.05 and a beta of 1.05.

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.