BMO Capital Markets Increases RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$20.50

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price lifted by equities researchers at BMO Capital Markets from C$19.00 to C$20.50 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 6.88% from the company’s current price.

A number of other research analysts have also issued reports on the company. National Bankshares increased their target price on RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research report on Wednesday, October 9th. TD Securities increased their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a report on Monday, September 30th. Finally, Canaccord Genuity Group lifted 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 report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, RioCan Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.63.

RioCan Real Estate Investment Trust Stock Performance

Shares of REI.UN stock opened at C$19.18 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. RioCan Real Estate Investment Trust has a 12-month low of C$16.26 and a 12-month high of C$20.83. The business’s 50 day moving average is C$19.57 and its two-hundred day moving average is C$18.18. The company has a market capitalization of C$5.75 billion, a P/E ratio of 95.90 and a beta of 1.31.

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.