Royal Bank of Canada Lowers RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$21.00

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price objective dropped by stock analysts at Royal Bank of Canada from C$22.00 to C$21.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target indicates a potential upside of 21.32% from the stock’s previous close.

REI.UN has been the topic of a number of other research reports. Canaccord Genuity Group cut shares of RioCan Real Estate Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from C$21.00 to C$19.50 in a research note on Wednesday, March 19th. Scotiabank upped their price target on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. BMO Capital Markets reduced their target price on shares of RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating on the stock in a report on Monday. Desjardins reduced their price target 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 research report on Thursday, February 20th. Finally, National Bankshares increased their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.36.

RioCan Real Estate Investment Trust Trading Up 0.5 %

RioCan Real Estate Investment Trust stock opened at C$17.31 on Monday. RioCan Real Estate Investment Trust has a one year low of C$16.26 and a one year high of C$20.83. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The stock has a market cap of C$5.19 billion, a PE ratio of 86.55 and a beta of 1.31. The stock has a 50-day moving average of C$18.65 and a two-hundred day moving average of C$18.99.

Insider Transactions at RioCan Real Estate Investment Trust

In other news, Director Richard Dansereau acquired 4,005 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of C$19.47 per share, for a total transaction of C$77,977.35. Insiders own 0.31% of the company’s stock.

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.