RioCan Real Estate Investment Trust (TSE:REI.UN – Free Report) had its price objective reduced by TD Securities from C$22.00 to C$21.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.
Other research analysts also recently issued research reports about the stock. CIBC cut their target price 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 research note on Thursday, February 15th. BMO Capital Markets upped their price objective 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, RioCan Real Estate Investment Trust has a consensus rating of Moderate Buy and an average target price of C$21.21.
Read Our Latest Analysis on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Price Performance
Insider Buying and Selling at RioCan Real Estate Investment Trust
In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,671 shares of the stock in a transaction that occurred 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 corporate insiders.
RioCan Real Estate Investment Trust Company Profile
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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