TSX:REI.UN - Post by User
Comment by
Mirko22on May 05, 2021 9:33am
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Post# 33131049
RE:upgrade for Riocan
RE:upgrade for Riocanincomedreamer11 wrote: * CIBC World Markets analyst Dean Wilkinson raised his RioCan REIT (REI.UN-T) target to $23 from $22 with an “outperformer” rating, while Canaccord Genuity’s Mark Rothschild increased his target to $20.75 from $20 with a “hold” rating and BMO’s Jenny Ma hiked her target to $21 from $18.50 with a “market perform” recommendation.
“Largely reflecting one-time items which should not be recurring, RioCan REIT (RioCan) reported Q1/21 results that were below expectations,” Mr. Rothschild said. “Overall, however, operating performance was relatively stable, as expected, with leasing spreads on renewals remaining healthy at 5 per cent. Going forward, we do not anticipate a material improvement in operating performance in 2021, and it is likely to be 2022 before there is a more notable recovery in occupancy. Rent collections remain solid at 94%, and this number should trend higher in the near term. Further supporting cash flow growth is the REIT’s large development pipeline, which is heavily focused on residential projects.”. The average on the Street is $21.22
That all is all folks... Dream of $30 was nice but it was ugly dream. We live in the differrent world now. You can not compare apples to oranges like before... $22. We all made money ,,, Yieled is too low to hold for full position.