TD Securities Increases RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$23.00

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

Separately, Canaccord Genuity Group raised their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of C$21.13.

RioCan Real Estate Investment Trust Price Performance

Shares of REI.UN stock opened at C$19.83 on Monday. 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$5.96 billion, a PE ratio of 99.15 and a beta of 1.30. 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 stock’s fifty day moving average is C$18.90 and its 200-day moving average is C$18.01.

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.