RioCan Real Estate Investment Trust (TSE:REI.UN) Hits New 52-Week Low at $20.36

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RioCan Real Estate Investment Trust (TSE:REI.UNGet Rating) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$20.36 and last traded at C$20.39, with a volume of 282350 shares trading hands. The stock had previously closed at C$21.41.

Several equities analysts have recently issued reports on REI.UN shares. BMO Capital Markets boosted their target price on RioCan Real Estate Investment Trust from C$25.75 to C$26.50 in a research note on Friday, February 25th. TD Securities boosted their target price on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Thursday, February 24th. Royal Bank of Canada reduced their target price on RioCan Real Estate Investment Trust from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, May 12th. National Bankshares reduced their target price on RioCan Real Estate Investment Trust from C$27.50 to C$27.00 and set an “outperform” rating on the stock in a research note on Thursday, May 12th. Finally, Canaccord Genuity Group cut RioCan Real Estate Investment Trust to a “hold” rating and set a C$26.50 price target on the stock. in a research note on Wednesday, April 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, RioCan Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus target price of C$26.06.

The company has a debt-to-equity ratio of 83.89, a current ratio of 0.53 and a quick ratio of 0.16. The company has a 50 day moving average of C$23.24 and a two-hundred day moving average of C$23.40. The company has a market capitalization of C$6.44 billion and a PE ratio of 9.82.

In other RioCan Real Estate Investment Trust news, Director S. Jane Marshall sold 5,800 shares of the business’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of C$21.41, for a total value of C$124,178.00. Following the sale, the director now directly owns 15,180 shares of the company’s stock, valued at C$325,003.80.

About RioCan Real Estate Investment Trust (TSE:REI.UN)

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.

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