RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.21 Consensus Target Price from Brokerages

RioCan Real Estate Investment Trust (TSE:REI.UN) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$21.21.

Several equities research analysts have recently weighed in on the company. TD Securities decreased their target price on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research report on Wednesday, April 24th. National Bankshares decreased their price target on RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. CIBC lowered their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Finally, BMO Capital Markets boosted their target price on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust has a 12-month low of C$16.32 and a 12-month high of C$20.89. The stock has a market cap of C$5.24 billion, a PE ratio of 133.92 and a beta of 1.26. The company has a current ratio of 0.31, a quick ratio of 0.08 and a debt-to-equity ratio of 92.72. The business’s fifty day simple moving average is C$18.10 and its two-hundred day simple moving average is C$18.06.

Insider Buying and Selling at RioCan Real Estate Investment Trust

In other news, Director Rocky Kim sold 1,671 shares of the firm’s 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.