Raymond James Financial Reiterates C$20.50 Price Target for RioCan Real Estate Investment Trust (TSE:REI.UN)

Raymond James Financial set a C$20.50 price target on RioCan Real Estate Investment Trust (TSE:REI.UN - Free Report) in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust's stock.

Several other research analysts have also recently issued reports on the company. Scotiabank dropped their target price on RioCan Real Estate Investment Trust from C$21.50 to C$20.50 and set a "sector perform" rating on the stock in a research report on Wednesday, May 7th. CIBC decreased their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada decreased their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th. Desjardins decreased their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, National Bankshares downgraded RioCan Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$22.25 to C$18.00 in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$20.20.

RioCan Real Estate Investment Trust Stock Performance

Shares of RioCan Real Estate Investment Trust stock traded up C$0.09 during trading on Thursday, hitting C$17.75. 436,236 shares of the company's stock traded hands, compared to its average volume of 751,790. The stock has a market capitalization of C$5.32 billion, a P/E ratio of 88.75 and a beta of 1.31. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The business has a 50-day simple moving average of C$17.46 and a 200-day simple moving average of C$17.85. RioCan Real Estate Investment Trust has a 1 year low of C$15.46 and a 1 year high of C$20.83.

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.