RioCan Real Estate Investment Trust (TSE:REI.UN) Upgraded to Outperform at National Bankshares

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) was upgraded by stock analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a C$19.00 price target on the real estate investment trust's stock, up from their prior price target of C$18.00. National Bankshares' price objective points to a potential upside of 6.44% from the stock's current price.

REI.UN has been the subject of a number of other reports. Canaccord Genuity Group dropped their price objective on shares of RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada reduced their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. Desjardins cut their price target on shares of 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. Raymond James Financial set a C$20.50 price objective on shares of RioCan Real Estate Investment Trust and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, TD Securities dropped their price objective on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$20.30.

RioCan Real Estate Investment Trust Stock Up 0.2%

Shares of REI.UN stock traded up C$0.03 on Tuesday, reaching C$17.85. 579,690 shares of the company were exchanged, compared to its average volume of 750,168. 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 company has a market cap of C$5.35 billion, a price-to-earnings ratio of 89.25 and a beta of 1.31. RioCan Real Estate Investment Trust has a one year low of C$15.46 and a one year high of C$20.83. The company has a 50-day moving average of C$17.46 and a 200-day moving average of C$17.85.

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.

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