BMO Capital Markets Trims RioCan Real Estate Investment Trust (TSE:REI.UN) Target Price to C$22.75

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Rating) had its price target dropped by investment analysts at BMO Capital Markets from C$24.75 to C$22.75 in a research note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 12.74% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. CIBC lowered their objective price on shares of RioCan Real Estate Investment Trust from C$25.00 to C$24.00 in a research note on Wednesday, August 10th. National Bankshares reduced their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$23.00 in a report on Monday, October 24th. Scotiabank reduced their target price on shares in RioCan Real Estate Investment Trust from C$26.50 to C$26.25 in a report on Monday, October 31st. Finally, TD Securities reduced their target price on shares of RioCan Real Estate Investment Trust from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, October 20th.

RioCan Real Estate Investment Trust Stock Up 2.5%

REI.UN traded up C$0.50 during trading on Monday, hitting C$20.18. The stock had a trading volume of 872,741 shares, compared to its average volume of 934,984. The company has a market capitalization of C$6.24 billion and a PE ratio of 10.74. RioCan Real Estate Investment Trust has a twelve month low of C$17.85 and a twelve month high of C$26.11. The company has a debt-to-equity ratio of 87.02, a quick ratio of 0.11 and a current ratio of 0.46. The stock has a 50 day simple moving average of C$19.33 and a two-hundred day simple moving average of C$20.62.

RioCan Real Estate Investment Trust Company Profile

(Get Rating)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider RioCan Real Estate Investment Trust, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and RioCan Real Estate Investment Trust wasn’t on the list.

While RioCan Real Estate Investment Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here