RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.47 Consensus PT from Analysts

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

Several research firms recently commented on REI.UN. BMO Capital Markets reduced their price objective on RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating for the company in a research note on Monday, March 24th. Desjardins decreased their price target on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. National Bankshares lifted 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. Royal Bank of Canada reduced their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Finally, Canaccord Genuity Group lowered RioCan Real Estate Investment Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$21.00 to C$19.50 in a research report on Wednesday, March 19th.

Insider Activity at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Richard Dansereau purchased 4,005 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of C$19.47 per share, for a total transaction of C$77,977.35. 0.31% of the stock is owned by insiders.

RioCan Real Estate Investment Trust Price Performance

Shares of RioCan Real Estate Investment Trust stock opened at C$17.20 on Friday. The stock has a market capitalization of C$5.16 billion, a P/E ratio of 86.00 and a beta of 1.31. The business has a 50 day simple moving average of C$18.58 and a two-hundred day simple moving average of C$18.96. RioCan Real Estate Investment Trust has a 12 month low of C$16.26 and a 12 month high of C$20.83. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08.

About RioCan Real Estate Investment Trust

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.