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

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) was upgraded by equities research analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently 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 target indicates a potential upside of 6.92% from the company's previous close.

Several other research analysts have also commented on REI.UN. CIBC cut their price target 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 report on Wednesday, May 7th. BMO Capital Markets dropped their target price on RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Canaccord Genuity Group dropped their price objective on RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada dropped 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 report on Monday, March 24th. Finally, Desjardins decreased their target price 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 report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, RioCan Real Estate Investment Trust has an average rating of "Moderate Buy" and a consensus price target of C$20.30.

RioCan Real Estate Investment Trust Stock Down 0.7%

Shares of REI.UN traded down C$0.12 during midday trading on Tuesday, hitting C$17.77. The company had a trading volume of 588,195 shares, compared to its average volume of 746,537. The company's 50-day simple moving average is C$17.54 and its 200-day simple moving average is C$17.84. 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 capitalization of C$5.33 billion, a P/E ratio of 88.85 and a beta of 1.31. RioCan Real Estate Investment Trust has a 1 year low of C$15.46 and a 1 year high of C$20.83.

RioCan Real Estate Investment Trust Company Profile

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.