RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Target Cut by National Bank Financial

Key Points

• National Bank Financial cut RioCan’s price target from C$26.50 to C$24.50 but maintained an “outperform” rating, implying 15.02% upside from the previous close.
• Analyst sentiment remains positive overall: six analysts rate the stock “Buy” and two rate it “Hold,” resulting in a consensus “Moderate Buy” rating and an average price target of C$23.84.
• RioCan shares closed at C$21.30, with a C$6.20 billion market capitalization and a 52-week trading range of C$18.06 to C$23.25.

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) had its target price cut by equities researchers at National Bank Financial from C$26.50 to C$24.50 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. National Bank Financial's target price suggests a potential upside of 15.02% from the company's previous close.

A number of other analysts also recently issued reports on REI.UN. Scotia lifted their price target on shares of RioCan Real Estate Investment Trust from C$22.25 to C$22.50 and gave the company a "sector perform" rating in a report on Thursday, August 6th. Canaccord Genuity Group increased their price objective on shares of RioCan Real Estate Investment Trust from C$21.50 to C$22.50 and gave the company a "hold" rating in a report on Thursday, August 6th. Desjardins increased their price objective 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, August 6th. Finally, Royal Bank Of Canada raised their price objective on RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.84.

RioCan Real Estate Investment Trust Price Performance

Shares of RioCan Real Estate Investment Trust stock traded down C$0.03 on Wednesday, hitting C$21.30. 444,907 shares of the company traded hands, compared to its average volume of 737,766. The stock has a market capitalization of C$6.20 billion, a P/E ratio of 24.77 and a beta of 0.85. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. RioCan Real Estate Investment Trust has a 52 week low of C$18.06 and a 52 week high of C$23.25. The business has a 50-day simple moving average of C$20.85 and a 200 day simple moving average of C$21.56.

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported C$0.52 EPS for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%. The firm had revenue of C$304.36 million for the quarter.

RioCan Real Estate Investment Trust Company Profile

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at June 30, 2026, our portfolio is comprised of 164 properties with an aggregate net leasable area of approximately 31 million square feet (at RioCan's interest).

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