RBC Capital analyst Pammi Bir maintained a Hold rating on RioCan Real Estate Investment (OTC:RIOCF) Trust on Monday, setting a price target of C$21, which is approximately 17.42% above the present share price of $14.17.
Bir expects RioCan Real Estate Investment Trust to post earnings per share (EPS) of $0.37 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in RioCan Real Estate Investment, with an average price target of $16.57.
The analysts price targets range from a high of $21.39 to a low of $14.26.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $302.34 million and a net profit of $164.95 million. The company's market cap is $4.5 billion.
According to TipRanks.com, RBC Capital analyst Pammi Bir is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.6% and a 75.76% 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.