Raymond James cuts target to CAD 23.50 for RioCan stock

Published on 10/15/2026 at 21:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Core FFO rose 5.30 percent to CAD 0.40 per unit in the quarter. RioCan stock costs EUR 13.15 on October 15, 2026, up 1.16 percent on TSX.

Analyst target and operating results

Raymond James lowered its RioCan target to CAD 23.50 from CAD 25.00 on October 2, 2026.
Core FFO rose 5.30 percent to CAD 0.40 per unit in the second quarter of 2026.
RioCan stock costs EUR 13.15 at Lang & Schwarz on October 15, 2026 at 9:38 p.m. CEST, up 1.16 percent on the TSX.
RioCan has a 24.34 P/E ratio and CAD 6.1 billion market capitalization.

REI.UN, CA7669101031, Illustration mit AI erstellt.

Raymond James lowered its RioCan target from CAD 25.00 to CAD 23.50 on October 2, 2026, while keeping an Outperform rating, Markets Insider reported. The new target is 12.28 percent above the latest TSX price of CAD 20.93. At Lang & Schwarz, RioCan stock was EUR 13.15 on October 15, 2026 at 9:38 p.m. CEST; the TSX quote was up 1.16 percent on the day.

Operating results add support

RioCan's second-quarter operating result provides a stronger earnings anchor than the target change alone. Core funds from operations rose 5.30 percent year over year to CAD 0.40 per unit in the second quarter of fiscal 2026, according to ScanX. Commercial same-property net operating income grew 4.30 percent in that quarter, while occupancy reached 98.80 percent.

Price position and trading range

The home-market quote stood at CAD 20.93 on October 15, 2026, with a daily move of 1.16 percent. The 52-week range was CAD 18.06 to CAD 23.25, leaving the unit price 9.98 percent below the high and 15.89 percent above the low. Trading volume reached 640,154 units against an average of 778,790.

RioCan's market capitalization was CAD 6.1 billion, and its P/E ratio was 24.34 on October 15, 2026. The trailing dividend yield was 6.00 percent. Raymond James' CAD 23.50 target sits 12.28 percent above the home-market price.

November results date

RioCan is scheduled to publish results for the three and nine months ended September 30, 2026, after the market closes on November 2, 2026. The company said its conference call will take place on November 3, 2026, at 10:00 a.m. Eastern time, in its investor release.

Comparison with peers

RioCan (TSX, CAD): up 1.16 percent, P/E 24.34, market capitalization CAD 6.1 billion
SmartCentres (TSX, CAD): up 1.14 percent, P/E 29.08, market capitalization CAD 3.9 billion
Choice Properties (TSX, CAD): up 1.75 percent, dividend yield 5.00 percent, market capitalization CAD 4.9 billion

What the target implies

The revised target leaves a measurable gap between the analyst's valuation and the current TSX quote. For investors, the November reporting date is the next scheduled test of whether stronger leasing activity is translating into funds from operations.

RioCan stock was trading at EUR 13.15 at Lang & Schwarz on October 15, 2026 at 9:38 p.m. CEST, up 1.16 percent on the TSX on the day. The 52-week high was CAD 23.25 on the same dated market view.
The further course of trading is shown by the continuously updated real-time quote of RioCan stock.