RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) had its price target lowered by equities research analysts at Desjardins from C$25.50 to C$24.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Desjardins’ target price would suggest a potential upside of 25.51% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Scotiabank lowered their price target on shares of RioCan Real Estate Investment Trust from C$26.00 to C$25.50 in a research report on Tuesday, May 16th. National Bankshares reduced their price objective on shares of RioCan Real Estate Investment Trust from C$24.00 to C$22.00 in a research note on Tuesday, July 18th. Finally, TD Securities reduced their price objective on shares of RioCan Real Estate Investment Trust from C$26.00 to C$24.00 in a research note on Wednesday, July 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$23.96.
RioCan Real Estate Investment Trust Price Performance
Shares of REI.UN opened at C$19.52 on Thursday. The firm has a market capitalization of C$5.86 billion, a PE ratio of 30.50 and a beta of 1.17. The company’s 50-day moving average is C$19.65 and its 200-day moving average is C$20.74. RioCan Real Estate Investment Trust has a fifty-two week low of C$17.85 and a fifty-two week high of C$23.59. The company has a debt-to-equity ratio of 88.32, a current ratio of 0.29 and a quick ratio of 0.08.
RioCan Real Estate Investment Trust Company Profile
RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. 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.
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