Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) Target Price at C$21.67

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$21.67.

A number of research analysts have recently issued reports on the company. BMO Capital Markets upgraded RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and cut their target price for the company from C$21.00 to C$20.50 in a research report on Wednesday, December 18th. CIBC boosted their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. Finally, National Bankshares raised their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research report on Wednesday, October 9th.

RioCan Real Estate Investment Trust Trading Up 3.8 %

TSE REI.UN opened at C$18.93 on Friday. The firm has a market capitalization of C$5.68 billion, a PE ratio of 94.65 and a beta of 1.31. The business’s 50-day moving average price is C$18.46 and its two-hundred day moving average price is C$18.80. The company has a current ratio of 0.30, a quick ratio of 0.08 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.

Insider Activity

In other RioCan Real Estate Investment Trust news, Senior Officer Jennifer Suess sold 2,104 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$19.02, for a total transaction of C$40,018.08. Also, Senior Officer Oliver Harrison sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total value of C$75,804.00. 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.