National Bank Financial Issues Positive Forecast for RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price raised by National Bank Financial from C$22.75 to C$24.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada upped their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Raymond James Financial boosted their target price on RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the company an “outperform” rating in a report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, RioCan Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$21.03.

RioCan Real Estate Investment Trust Stock Down 1.6%

REI.UN stock opened at C$21.12 on Monday. 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 twelve month low of C$16.73 and a twelve month high of C$21.67. The company’s 50 day moving average is C$19.65 and its two-hundred day moving average is C$19.22. The stock has a market cap of C$6.20 billion, a P/E ratio of 91.83 and a beta of 0.81.

RioCan Real Estate Investment Trust (TSE:REI.UN) last issued its earnings results on Tuesday, February 17th. The real estate investment trust reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$347.92 million during the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%.

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.