RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$24.00 at Desjardins

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price objective boosted by Desjardins from C$22.00 to C$24.00 in a report published on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms have also commented on REI.UN. Raymond James Financial upped their price target on RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada upped their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Finally, National Bank Financial upped their target price on RioCan Real Estate Investment Trust from C$22.75 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, RioCan Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.39.

RioCan Real Estate Investment Trust Trading Up 0.8%

REI.UN opened at C$21.83 on Wednesday. The business has a 50 day simple moving average of C$19.96 and a two-hundred day simple moving average of C$19.39. The firm has a market capitalization of C$6.36 billion, a price-to-earnings ratio of 26.30 and a beta of 0.87. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. RioCan Real Estate Investment Trust has a one year low of C$16.73 and a one year high of C$22.10.

RioCan Real Estate Investment Trust (TSE:REI.UN) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported C$0.32 EPS for the quarter. The business had revenue of C$322.31 million during the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.

Key Stories Impacting RioCan Real Estate Investment Trust

Here are the key news stories impacting RioCan Real Estate Investment Trust this week:

• Positive Sentiment: Multiple broker upgrades and higher targets — Desjardins raised its target to C$24.00 and kept a “buy” rating (≈10% upside). Desjardins Rating
• Positive Sentiment: TD increased its target to C$24.00 and maintained a “buy” rating (≈10% upside). TD Rating
• Positive Sentiment: National Bank Financial nudged its target to C$24.25 and stayed “outperform” (≈11% upside). National Bank Rating
• Positive Sentiment: Raymond James raised its target to C$23.75 and kept an “outperform” call (≈8.8% upside). Raymond James Rating
• Positive Sentiment: BMO bumped its target to C$23.50 and stayed “outperform” (≈7.7% upside). BMO Rating
• Positive Sentiment: Strong Q1 operational results — RioCan reported record 25.8% blended leasing spreads and commercial same‑property NOI growth of 4.7%, reinforcing the upbeat analyst revisions. Q1 Results
• Neutral Sentiment: Scotia raised its target to C$22.25 but kept a “sector perform” rating (only ≈2% upside), a more cautious view relative to other firms. Scotia Rating (BayStreet) Scotia Rating (TickerReport)
• Negative Sentiment: Balance‑sheet/liquidity considerations remain — RioCan shows high leverage and low short‑term liquidity (reported debt‑to‑equity ~95.4% and tight current/quick ratios), which could temper investor appetite despite operational momentum. Balance Sheet Context

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. Riocan’s tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.