RioCan Real Estate Investment Trust (TSE:REI.UN) PT Lowered to C$20.50

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target lowered by investment analysts at National Bankshares from C$21.00 to C$20.50 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price would indicate a potential upside of 16.88% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. CIBC dropped 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 research report on Thursday, February 15th. BMO Capital Markets boosted their price target on 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. Finally, TD Securities dropped their price target on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$21.21.

RioCan Real Estate Investment Trust Stock Performance

Shares of REI.UN stock opened at C$17.54 on Wednesday. The stock has a market capitalization of C$5.27 billion, a PE ratio of 134.92 and a beta of 1.26. RioCan Real Estate Investment Trust has a 52-week low of C$16.32 and a 52-week high of C$21.28. The stock’s 50-day moving average price is C$18.18 and its 200 day moving average price is C$18.08. The company has a quick ratio of 0.08, a current ratio of 0.31 and a debt-to-equity ratio of 92.72.

Insider Buying and Selling at RioCan Real Estate Investment Trust

In other news, Director Rocky Kim sold 1,671 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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 corporate 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.