Raymond James cuts RioCan target from CAD 25.00 to CAD 23.50 for RioCan stock
Published on 10/17/2026 at 19:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and key dates
- On October 2, 2026, Raymond James lowered its RioCan target from CAD 25.00 to CAD 23.50.
- RioCan announced a CAD 0.0965 per-unit distribution for October on October 15, 2026.
- RioCan stock closed at CAD 20.98 on October 16, 2026 at 3:59 p.m. EDT, 0.38 percent above the prior close of CAD 20.90.
- RioCan is scheduled to release third-quarter results on November 2, 2026.
Raymond James lowered its RioCan price target from CAD 25.00 to CAD 23.50 on October 2, 2026, while retaining an Outperform rating, according to TipRanks. The revised target stood 12.01 percent above RioCan's CAD 20.98 closing price on October 16, 2026. RioCan stock closed at CAD 20.98 on the Toronto Stock Exchange on October 16, 2026 at 3:59 p.m. EDT, 0.38 percent above the prior close of CAD 20.90.
November results date is set
RioCan is scheduled to release results for the three and nine months ended September 30, 2026, after the market closes on November 2, 2026. The company will hold its management conference call on November 3, 2026, according to the RioCan release. That date gives investors the next formal checkpoint for occupancy, leasing and funds from operations.
Price range and annual return
On October 16, 2026, RioCan opened at CAD 21.00 and traded between CAD 20.89 and CAD 21.13 before the close. Volume was 761,772 units against an average of 789,468. The 52-week range was CAD 18.06 to CAD 23.25, placing the closing price 9.76 percent below the high and 16.17 percent above the low.
RioCan's year-to-date return was 17.39 percent as of October 16, 2026. The same market snapshot put the one-year return at 18.16 percent, while the six-month return was minus 1.36 percent. These figures place the recent performance between a positive annual result and a weaker six-month stretch.
Valuation and distributions
RioCan had a market capitalization of CAD 6.1 billion and a trailing price-to-earnings ratio of 24.40 on October 16, 2026. Its forward dividend was CAD 1.16 per unit, equal to a 5.52 percent yield. RioCan also announced a CAD 0.0965 per-unit distribution for October, payable on November 6, 2026, to unitholders of record on October 30, 2026, according to Business Wire.
Comparison with peers
RioCan REIT: 0.38 percent, price-to-earnings ratio 24.40, market capitalization CAD 6.1 billion
SmartCentres REIT (TSX, CAD): 0.19 percent, market capitalization CAD 5.3 billion
Choice Properties REIT (TSX, CAD): 1.13 percent, market capitalization CAD 11.0 billion
Closing level and next marker
The target revision leaves CAD 23.50 as the next analyst reference point, while the scheduled November 2 results date is the next company-specific market event. RioCan's closing level remained below that target on October 16, 2026.
RioCan Real Estate Investment Trust at a glance
- Company: RioCan Real Estate Investment Trust
- ISIN: CA7669101031
- Ticker: REI.UN
- Primary exchange: Toronto Stock Exchange
- Price Toronto Stock Exchange (as of October 16, 2026, 3:59 p.m. EDT): CAD 20.98
- Change versus prior close: 0.38 percent above CAD 20.90
- Market capitalization: CAD 6.1 billion (as of October 16, 2026)
- 52-week range: CAD 18.06-CAD 23.25 (as of October 16, 2026)
- Sector / Industry: Real Estate / REIT - Retail
- Next earnings date: November 2, 2026
Market context: Market report S&P/TSX Composite.
