Desjardins Has Optimistic Outlook of TSE:REI FY2026 Earnings

RioCan Real Estate Investment Trust (TSE:REI) – Stock analysts at Desjardins upped their FY2026 earnings estimates for shares of RioCan Real Estate Investment Trust in a research report issued on Monday, March 17th. Desjardins analyst L. Kalmar now anticipates that the company will earn $1.85 per share for the year, up from their previous forecast of $1.84.

Separately, BMO Capital Markets raised shares of RioCan Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 18th.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust has a 52-week low of C$10.88 and a 52-week high of C$17.17.

About RioCan Real Estate Investment Trust

Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company’s proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.