RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.47 Average Target Price from Analysts

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$21.36.

Several research firms have recently weighed in on REI.UN. BMO Capital Markets lowered their price objective on RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating on the stock in a research note on Monday. Royal Bank of Canada cut their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Monday. National Bankshares upped their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Canaccord Genuity Group downgraded shares of RioCan Real Estate Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the company from C$21.00 to C$19.50 in a report on Wednesday, March 19th. Finally, Desjardins dropped their price objective on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

Insider Transactions at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Richard Dansereau bought 4,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of C$19.47 per share, with a total value of C$77,977.35. Insiders own 0.31% of the company’s stock.

RioCan Real Estate Investment Trust Trading Up 0.5 %

Shares of REI.UN opened at C$17.31 on Friday. The stock’s 50-day moving average price is C$18.65 and its 200 day moving average price is C$18.99. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a 12-month low of C$16.26 and a 12-month high of C$20.83. The firm has a market capitalization of C$5.19 billion, a price-to-earnings ratio of 86.55 and a beta of 1.31.

RioCan Real Estate Investment Trust Company Profile

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada.