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

by · The Cerbat Gem

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) had its price target boosted by equities research analysts at National Bankshares from C$20.00 to C$23.00 in a note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 19.05% from the company’s previous close.

A number of other analysts have also recently commented on REI.UN. Canaccord Genuity Group upped their price objective 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. TD Securities increased 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$21.44.

Get Our Latest Analysis on REI.UN

RioCan Real Estate Investment Trust Price Performance

Shares of TSE:REI.UN opened at C$19.32 on Wednesday. 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 firm has a market cap of C$5.80 billion, a price-to-earnings ratio of 96.60 and a beta of 1.31. The business has a 50-day simple moving average of C$19.09 and a two-hundred day simple moving average of C$18.07. RioCan Real Estate Investment Trust has a fifty-two week low of C$16.26 and a fifty-two week high of C$20.83.

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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