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

RioCan Real Estate Investment Trust (TSE:REI.UNFree Report) had its target price raised by TD Securities from C$22.00 to C$23.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Separately, Canaccord Genuity Group upped their target price 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 note on Monday, September 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, RioCan Real Estate Investment Trust presently has a consensus rating of Moderate Buy and an average target price of C$21.13.

Read Our Latest Analysis on RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust Stock Performance

Shares of REI.UN stock opened at C$19.83 on Monday. The stock has a market cap of C$5.96 billion, a PE ratio of 99.15 and a beta of 1.30. The stock has a 50-day moving average of C$18.90 and a 200-day moving average of C$18.01. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. RioCan Real Estate Investment Trust has a one year low of C$16.26 and a one year high of C$20.83.

About RioCan Real Estate Investment Trust

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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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