RioCan Real Estate Investment Trust (TSE:REI.UN – Free Report) had its price objective lowered by National Bankshares from C$21.00 to C$20.50 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.
Several other brokerages have also weighed in on REI.UN. CIBC decreased their price objective on shares of 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 Thursday, February 15th. BMO Capital Markets boosted their target price on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a market perform rating in a research note on Friday, February 16th. Finally, TD Securities lowered their price target on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, RioCan Real Estate Investment Trust presently has an average rating of Moderate Buy and a consensus target price of C$21.21.
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RioCan Real Estate Investment Trust Stock Performance
Insider Activity
In other news, Director Rocky Kim sold 1,671 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$18.66, for a total value of C$31,180.86. 0.26% of the stock is owned by company insiders.
About RioCan Real Estate Investment Trust
RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work.
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