RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$20.50 at BMO Capital Markets

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) had its target price upped by investment analysts at BMO Capital Markets from C$19.00 to C$20.50 in a note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 5.56% from the company's previous close.

Several other research analysts also recently commented on REI.UN. TD Securities lifted their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research note on Monday, September 30th. National Bankshares lifted their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group lifted their price target on shares of 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$21.63.

RioCan Real Estate Investment Trust Price Performance

REI.UN traded up C$0.09 on Monday, reaching C$19.42. The company had a trading volume of 430,025 shares, compared to its average volume of 818,329. The company has a market cap of C$5.83 billion, a price-to-earnings ratio of 97.10 and a beta of 1.31. RioCan Real Estate Investment Trust has a 52-week low of C$16.26 and a 52-week high of C$20.83. The business has a 50 day simple moving average of C$19.54 and a 200 day simple moving average of C$18.17. 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 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.