RioCan Real Estate Investment Trust (TSE:REI.UN - Free Report) had its price objective lifted by Canaccord Genuity Group from C$20.00 to C$21.00 in a research report sent to investors on Monday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the real estate investment trust's stock.
Separately, TD Securities raised their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a buy rating in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, RioCan Real Estate Investment Trust currently has a consensus rating of Moderate Buy and a consensus target price of C$21.00.
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RioCan Real Estate Investment Trust Stock Down 0.9 %
Shares of REI.UN traded down C$0.18 during mid-day trading on Monday, hitting C$20.47. 887,546 shares of the company's stock were exchanged, compared to its average volume of 851,374. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. 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 market cap of C$6.15 billion, a PE ratio of 102.35 and a beta of 1.30. The company has a 50-day simple moving average of C$18.13 and a 200 day simple moving average of C$17.79.
RioCan Real Estate Investment Trust Company Profile
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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.
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