Scotia Issues Positive Forecast for RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price objective hoisted by Scotia from C$20.50 to C$22.25 in a research report report published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

REI.UN has been the subject of several other research reports. Desjardins increased their price target on RioCan Real Estate Investment Trust from C$22.00 to C$24.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada lifted their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Raymond James Financial boosted their target price on RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the company an “outperform” rating in a research note on Wednesday. Finally, National Bank Financial boosted their target price on RioCan Real Estate Investment Trust from C$22.75 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$23.39.

RioCan Real Estate Investment Trust Stock Up 0.8%

REI.UN stock opened at C$21.83 on Wednesday. The stock has a market capitalization of C$6.36 billion, a price-to-earnings ratio of 26.30 and a beta of 0.87. RioCan Real Estate Investment Trust has a fifty-two week low of C$16.73 and a fifty-two week high of C$22.10. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The business’s fifty day moving average price is C$19.96 and its two-hundred day moving average price is C$19.39.

RioCan Real Estate Investment Trust (TSE:REI.UN) last released its earnings results on Monday, May 4th. The real estate investment trust reported C$0.32 earnings per share (EPS) for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.The company had revenue of C$322.31 million for the quarter.

Key Stories Impacting RioCan Real Estate Investment Trust

Here are the key news stories impacting RioCan Real Estate Investment Trust this week:

• Positive Sentiment: Multiple broker upgrades and higher targets — Desjardins raised its target to C$24.00 and kept a “buy” rating (≈10% upside). Desjardins Rating
• Positive Sentiment: TD increased its target to C$24.00 and maintained a “buy” rating (≈10% upside). TD Rating
• Positive Sentiment: National Bank Financial nudged its target to C$24.25 and stayed “outperform” (≈11% upside). National Bank Rating
• Positive Sentiment: Raymond James raised its target to C$23.75 and kept an “outperform” call (≈8.8% upside). Raymond James Rating
• Positive Sentiment: BMO bumped its target to C$23.50 and stayed “outperform” (≈7.7% upside). BMO Rating
• Positive Sentiment: Strong Q1 operational results — RioCan reported record 25.8% blended leasing spreads and commercial same‑property NOI growth of 4.7%, reinforcing the upbeat analyst revisions. Q1 Results
• Neutral Sentiment: Scotia raised its target to C$22.25 but kept a “sector perform” rating (only ≈2% upside), a more cautious view relative to other firms. Scotia Rating (BayStreet) Scotia Rating (TickerReport)
• Negative Sentiment: Balance‑sheet/liquidity considerations remain — RioCan shows high leverage and low short‑term liquidity (reported debt‑to‑equity ~95.4% and tight current/quick ratios), which could temper investor appetite despite operational momentum. Balance Sheet Context

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.