RioCan Real Estate Investment Trust (TSE:REI.UN) Director Acquires 4,005 Shares

RioCan Real Estate Investment Trust (TSE:REI.UN) Director Richard Dansereau bought 4,005 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of C$19.47 per share, for a total transaction of C$77,977.35.

RioCan Real Estate Investment Trust Stock Performance

Shares of REI.UN stock opened at C$19.41 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. The firm has a fifty day simple moving average of C$18.50 and a two-hundred day simple moving average of C$18.87. The firm has a market capitalization of C$5.82 billion, a PE ratio of 97.05 and a beta of 1.31. RioCan Real Estate Investment Trust has a 12 month low of C$16.26 and a 12 month high of C$20.83.

Analysts Set New Price Targets

Several brokerages recently issued reports on REI.UN. National Bankshares boosted their price target on RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an “outperform” rating in a research note on Thursday. CIBC boosted their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. Scotiabank increased their target price on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a “sector perform” rating in a research report on Thursday. Desjardins lowered 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 report on Thursday. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$21.75.

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.