RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$22.75

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target upped by National Bank Financial from C$22.50 to C$22.75 in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Separately, BMO Capital Markets boosted their target price on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, RioCan Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average target price of C$20.75.

RioCan Real Estate Investment Trust Stock Down 0.2%

Shares of TSE:REI.UN opened at C$19.55 on Friday. The firm has a market cap of C$5.77 billion, a PE ratio of 88.86 and a beta of 1.05. The company has a fifty day simple moving average of C$19.32 and a 200 day simple moving average of C$18.89. 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$15.46 and a 12-month high of C$20.23.

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.