RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$23.00 at National Bankshares

RioCan Real Estate Investment Trust (TSE:REI.UN - Free Report) had its target price hoisted by National Bankshares from C$20.00 to C$23.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Several other research analysts have also issued reports on the company. TD Securities boosted their target price on RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research report on Monday, September 30th. Canaccord Genuity Group raised their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a buy rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$21.44.

RioCan Real Estate Investment Trust Trading Down 0.1 %

TSE:REI.UN traded down C$0.02 during mid-day trading on Wednesday, hitting C$19.42. 480,934 shares of the stock traded hands, compared to its average volume of 840,654. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a 52 week low of C$16.26 and a 52 week high of C$20.83. The stock has a market capitalization of C$5.83 billion, a price-to-earnings ratio of 97.10 and a beta of 1.31. The firm's 50 day moving average is C$19.06 and its two-hundred day moving average is C$18.06.

RioCan Real Estate Investment Trust Company Profile

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.