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

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target raised by Royal Bank Of Canada from C$21.00 to C$22.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the real estate investment trust’s stock.

REI.UN has been the topic of a number of other research reports. BMO Capital Markets raised their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th. National Bank Financial increased their price objective on shares of RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, RioCan Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of C$21.00.

RioCan Real Estate Investment Trust Stock Up 0.3%

TSE REI.UN opened at C$19.75 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. The company has a market cap of C$5.83 billion, a price-to-earnings ratio of 89.77 and a beta of 1.05. The company has a 50 day moving average of C$19.40 and a 200-day moving average of C$18.93. RioCan Real Estate Investment Trust has a 1-year low of C$15.46 and a 1-year high of C$20.23.

RioCan Real Estate Investment Trust (TSE:REI.UN) last posted its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported C$0.43 EPS for the quarter. The firm had revenue of C$347.92 million for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.

About RioCan Real Estate Investment Trust

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan’s tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.