RioCan Real Estate Investment Trust (TSE:REI.UN) PT Raised to C$23.00 at TD Securities

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price objective boosted by TD Securities from C$22.00 to C$23.00 in a research report released on Monday, BayStreet.CA reports.

Separately, Canaccord Genuity Group boosted their price objective 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$21.13.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust stock opened at C$20.24 on Monday. The company’s 50-day moving average price is C$18.85 and its 200-day moving average price is C$17.99. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. The company has a market cap of C$6.08 billion, a PE ratio of 101.20 and a beta of 1.30. RioCan Real Estate Investment Trust has a twelve month low of C$16.26 and a twelve month high of C$20.83.

About RioCan Real Estate Investment Trust

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.