RioCan Real Estate Investment Trust (TSE:REI.UN – Free Report) had its price target decreased by Desjardins from C$23.00 to C$22.00 in a research report sent to investors on Thursday,BayStreet.CA reports. Desjardins currently has a buy rating on the real estate investment trust’s stock.
Several other research analysts have also recently weighed in on the stock. CIBC lifted their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. National Bankshares lifted their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. Finally, Scotiabank lifted their price target on shares of RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$21.75.
Read Our Latest Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Stock Performance
Shares of RioCan Real Estate Investment Trust stock opened at C$19.41 on Thursday. The company’s fifty day simple moving average is C$18.53 and its 200-day simple moving average is C$18.88. The stock 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 1-year low of C$16.26 and a 1-year high of C$20.83. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08.
Insider Buying and Selling at RioCan Real Estate Investment Trust
In other RioCan Real Estate Investment Trust news, Senior Officer Oliver Harrison sold 4,000 shares of RioCan Real Estate Investment Trust stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total value of C$75,804.00. Also, Director Richard Dansereau acquired 4,005 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of C$19.47 per share, with a total value of C$77,977.35. 0.31% of the stock is currently owned by insiders.
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.
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