RioCan Real Estate Investment Trust (TSE:REI.UN - Free Report) had its price target cut by BMO Capital Markets from C$21.50 to C$20.00 in a report published on Monday,BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust's stock.
Other analysts have also issued reports about the stock. National Bankshares upped their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Desjardins lowered their price objective on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Canaccord Genuity Group downgraded shares of RioCan Real Estate Investment Trust from a "buy" rating to a "hold" rating and cut their target price for the company from C$21.00 to C$19.50 in a research note on Wednesday, March 19th. Finally, Scotiabank raised their target price on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$21.36.
Check Out Our Latest Report on REI.UN
RioCan Real Estate Investment Trust Price Performance
TSE REI.UN traded down C$0.11 on Monday, reaching C$17.13. 385,023 shares of the stock traded hands, compared to its average volume of 748,234. RioCan Real Estate Investment Trust has a 12 month low of C$16.26 and a 12 month high of C$20.83. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. The firm's fifty day simple moving average is C$18.60 and its 200 day simple moving average is C$18.96. The company has a market cap of C$5.14 billion, a price-to-earnings ratio of 85.65 and a beta of 1.31.
Insider Transactions at RioCan Real Estate Investment Trust
In other news, Director Richard Dansereau purchased 4,005 shares of RioCan Real Estate Investment Trust stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of C$19.47 per share, for a total transaction of C$77,977.35. Corporate insiders own 0.31% of the company's stock.
RioCan Real Estate Investment Trust Company Profile
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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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