Canaccord Genuity analyst Mark Rothschild maintained a Buy rating on RioCan Real Estate Investment (OTC:RIOCF) Trust on Wednesday, setting a price target of C$18.25, which is approximately 20.36% above the present share price of $11.36.
Rothschild expects RioCan Real Estate Investment Trust to post earnings per share (EPS) of $0.32 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in RioCan Real Estate Investment, with an average price target of $15.8.
The analysts price targets range from a high of $20.23 to a low of $13.67.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $286.26 million and a net profit of $164.87 million. The company's market cap is $3.61 billion.
According to TipRanks.com, Canaccord Genuity analyst Mark Rothschild is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.2% and a 73.09% success rate.
RioCan Real Estate Investment Trust engages in owning, development, management, and operation of shopping centers. Its property portfolio includes grocery anchored, new format retail, urban retail, mixed-use and non-grocery anchored centers. The company was founded by Edward Sonshine on July 10, 1981 and is headquartered in Toronto, Canada.