Latest news with #BradSturges
Business Insider
10-07-2025
- Business
- Business Insider
RioCan REIT initiated with an Outperform at Raymond James
Raymond James analyst Brad Sturges initiated coverage of RioCan REIT (RIOCF) with an Outperform rating and C$20.50 price target RioCan's identified ongoing and future development pipeline as of Q1-end ranked as the 2nd-largest underutilized urban land-banks among the Canadian retail REIT sector, and the firm believes that the underutilized urban land bank provides long-term mixed-use residential intensification development opportunities, the analyst tells investors in a research note. The REIT also offers a stable average economic occupancy rate of 95%-96%, the firm added. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Business Insider
28-05-2025
- Business
- Business Insider
Raymond James downgrades InterRent REIT Un (IIP.UN) to a Hold
Raymond James analyst Brad Sturges downgraded InterRent REIT Un ( – Research Report) to a Hold today and set a price target of C$14.00. The company's shares closed today at C$13.59. Confident Investing Starts Here: According to TipRanks, Sturges is an analyst with an average return of -2.3% and a 43.84% success rate. Sturges covers the Real Estate sector, focusing on stocks such as Nexus Real Estate Investment, Flagship Communities REIT Investment Trust, and Parkit Enterprise. In addition to Raymond James, InterRent REIT Un also received a Hold from Canaccord Genuity's Mark Rothschild in a report issued today. However, on May 20, CIBC maintained a Buy rating on InterRent REIT Un (TSX: The company has a one-year high of C$13.20 and a one-year low of C$9.40. Currently, InterRent REIT Un has an average volume of 500.7K.
