National Bank Financial Raises RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$22.75

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target boosted by National Bank Financial from C$22.50 to C$22.75 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s price objective points to a potential upside of 16.37% from the company’s current price.

Separately, BMO Capital Markets upped their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$20.75.

RioCan Real Estate Investment Trust Price Performance

REI.UN stock opened at C$19.55 on Friday. The company has a market capitalization of C$5.77 billion, a P/E ratio of 88.86 and a beta of 1.05. The company has a fifty day moving average price of C$19.32 and a 200-day moving average price of C$18.88. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. RioCan Real Estate Investment Trust has a 52-week low of C$15.46 and a 52-week high of C$20.23.

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.