RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) Senior Officer Jennifer Suess sold 2,104 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$19.02, for a total value of C$40,018.08.
RioCan Real Estate Investment Trust Stock Performance
Shares of TSE:REI.UN traded down C$0.16 during mid-day trading on Friday, reaching C$18.92. The company had a trading volume of 784,400 shares, compared to its average volume of 797,581. RioCan Real Estate Investment Trust has a one year low of C$16.26 and a one year high of C$20.83. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. The company's 50-day moving average price is C$19.62 and its 200-day moving average price is C$18.32. The firm has a market cap of C$5.68 billion, a price-to-earnings ratio of 94.60 and a beta of 1.31.
Analyst Ratings Changes
A number of research firms recently weighed in on REI.UN. Canaccord Genuity Group upped their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. TD Securities upped their target price on RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research report on Monday, September 30th. National Bankshares lifted their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research report on Wednesday, October 9th. CIBC upped their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. Finally, BMO Capital Markets lifted their price objective on shares of RioCan Real Estate Investment Trust from C$19.00 to C$20.50 in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, RioCan Real Estate Investment Trust has a consensus rating of "Moderate Buy" and an average price target of C$21.71.
View Our Latest Stock Analysis on REI.UN
RioCan Real Estate Investment Trust Company Profile
(
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RioCan is one of Canada's largest real estate investment trusts. 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. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.
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