RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$22.00 at CIBC

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price objective raised by CIBC from C$21.00 to C$22.00 in a research report released on Wednesday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on the stock. TD Securities boosted their price objective 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 boosted their target price on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group raised their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, BMO Capital Markets lifted their price objective on RioCan Real Estate Investment Trust from C$19.00 to C$20.50 in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$21.71.

RioCan Real Estate Investment Trust Stock Down 0.5 %

REI.UN opened at C$19.00 on Wednesday. The firm has a market cap of C$5.70 billion, a P/E ratio of 95.00 and a beta of 1.31. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The business has a 50 day moving average price of C$19.69 and a 200 day moving average price of C$18.27. RioCan Real Estate Investment Trust has a twelve month low of C$16.26 and a twelve month high of C$20.83.

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.