BMO Capital Sticks to Their Buy Rating for RioCan Real Estate Investment (RIOCF)
In a report released today, Michael Markidis from BMO Capital maintained a Buy rating on RioCan Real Estate Investment, with a price target of C$20.00. The company’s shares opened today at $12.80.
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According to TipRanks, Markidis is a 5-star analyst with an average return of 10.8% and a 70.87% success rate. Markidis covers the Real Estate sector, focusing on stocks such as RioCan Real Estate Investment, Automotive Properties, and Crombie Real Estate ate.
In addition to BMO Capital, RioCan Real Estate Investment also received a Buy from CIBC’s Dean Wilkinson in a report issued today. However, on the same day, Scotiabank maintained a Hold rating on RioCan Real Estate Investment (Other OTC: RIOCF).
Based on RioCan Real Estate Investment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $355.83 million and a GAAP net loss of $84.16 million. In comparison, last year the company earned a revenue of $316.48 million and had a net profit of $128.6 million
Read More on RIOCF:
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- RioCan REIT price target lowered to C$20.25 from C$20.50 at Scotiabank
- RioCan REIT Reports Strong Q2 2025 Results
- RioCan Real Estate Investment: Hold Rating Maintained Amid Strong FFO Growth and Debt Refinancing Challenges
- RioCan Reports Robust Q2 2025 Results with Strong Leasing Performance
- National Bank upgrades RioCan REIT on core portfolio strength
