RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Cut to C$21.00 by Analysts at TD Securities

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price cut by TD Securities from C$22.00 to C$21.00 in a report issued on Wednesday morning, BayStreet.CA reports.

REI.UN has been the topic of several other research reports. CIBC cut their price target on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an outperform rating on the stock in a report on Thursday, February 15th. BMO Capital Markets lifted their price target 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 report on Friday, February 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$21.21.

RioCan Real Estate Investment Trust Stock Performance

TSE:REI.UN opened at C$17.70 on Wednesday. RioCan Real Estate Investment Trust has a twelve month low of C$16.32 and a twelve month high of C$21.38. The company has a quick ratio of 0.08, a current ratio of 0.31 and a debt-to-equity ratio of 92.72. The firm has a market capitalization of C$5.32 billion, a P/E ratio of 136.15 and a beta of 1.26. The company has a fifty day moving average of C$18.20 and a 200-day moving average of C$18.08.

Insider Activity at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,671 shares of RioCan Real Estate Investment Trust 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 transaction of C$31,180.86. 0.26% of the stock is owned by 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.