RioCan Actual Property Funding Belief (TSE:REI.UN – Get Ranking) had its worth goal dropped by funding analysts at BMO Capital Markets from C$24.75 to C$22.75 in a analysis word issued to buyers on Monday, BayStreet.CA experiences. BMO Capital Markets’ worth goal suggests a possible upside of 12.74% from the inventory’s present worth.
Different equities analysis analysts additionally just lately issued experiences concerning the inventory. CIBC lowered their worth goal on shares of RioCan Actual Property Funding Belief from C$25.00 to C$24.00 in a analysis word on Wednesday, August tenth. Nationwide Bankshares lowered their goal worth on shares of RioCan Actual Property Funding Belief from C$24.00 to C$23.00 in a report on Monday, October twenty fourth. Scotiabank lowered their goal worth on shares of RioCan Actual Property Funding Belief from C$26.50 to C$26.25 in a report on Monday, October thirty first. Lastly, TD Securities lowered their goal worth on shares of RioCan Actual Property Funding Belief from C$25.00 to C$24.00 and set a “purchase” ranking for the corporate in a report on Thursday, October twentieth.
RioCan Actual Property Funding Belief Inventory Up 2.5 %
REI.UN traded up C$0.50 throughout buying and selling on Monday, hitting C$20.18. The inventory had a buying and selling quantity of 872,741 shares, in comparison with its common quantity of 934,984. The corporate has a market capitalization of C$6.24 billion and a PE ratio of 10.74. RioCan Actual Property Funding Belief has a twelve month low of C$17.85 and a twelve month excessive of C$26.11. The corporate has a debt-to-equity ratio of 87.02, a fast ratio of 0.11 and a present ratio of 0.46. The inventory has a 50 day easy shifting common of C$19.33 and a two-hundred day easy shifting common of C$20.62.
RioCan Actual Property Funding Belief Firm Profile
RioCan is one among Canada’s largest actual property funding trusts with a complete enterprise worth of roughly $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, more and more mixed-use properties situated in prime, high-density transit-oriented areas the place Canadians need to store, stay and work.
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