RioCan Real Estate Investment Trust (TSE:REI.UN) Given New C$25.00 Price Target at Royal Bank Of Canada

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price lifted by stock analysts at Royal Bank Of Canada from C$24.00 to C$25.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 15.26% from the stock’s previous close.

REI.UN has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price target on shares of RioCan Real Estate Investment Trust from C$21.50 to C$22.50 and gave the stock a “hold” rating in a research report on Thursday. Raymond James Financial increased their price objective on shares of RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Desjardins boosted their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday. TD upped their price target on shares of RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, National Bank Financial increased their price target on RioCan Real Estate Investment Trust from C$24.00 to C$24.25 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$23.81.

RioCan Real Estate Investment Trust Trading Up 0.4%

Shares of REI.UN stock traded up C$0.08 on Friday, hitting C$21.69. The company had a trading volume of 367,510 shares, compared to its average volume of 714,886. RioCan Real Estate Investment Trust has a twelve month low of C$17.51 and a twelve month high of C$23.25. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The firm has a market cap of C$6.31 billion, a P/E ratio of 26.13 and a beta of 0.95. The stock’s 50-day moving average is C$22.59 and its two-hundred day moving average is C$21.03.

RioCan Real Estate Investment Trust (TSE:REI.UN) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported C$0.52 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$304.36 million for the quarter.

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.