RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.67 Consensus Price Target from Analysts

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are covering the company, Marketbeat reports. One research 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 brokerages that have issued ratings on the stock in the last year is C$21.67.

REI.UN has been the topic of several research reports. National Bankshares raised their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a report on Wednesday, October 9th. BMO Capital Markets upgraded RioCan Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from C$21.00 to C$20.50 in a report on Wednesday, December 18th. Finally, CIBC upped their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th.

Insider Transactions at RioCan Real Estate Investment Trust

In other news, Senior Officer Jennifer Suess sold 2,104 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$19.02, for a total transaction of C$40,018.08. Also, Senior Officer Oliver Harrison sold 4,000 shares of the company's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$18.95, for a total value of C$75,804.00. Company insiders own 0.31% of the company's stock.

RioCan Real Estate Investment Trust Trading Up 0.4 %

Shares of REI.UN stock traded up C$0.07 on Friday, reaching C$18.24. 797,451 shares of the company's stock were exchanged, compared to its average volume of 653,482. The company's fifty day simple moving average is C$18.46 and its 200 day simple moving average is C$18.79. RioCan Real Estate Investment Trust has a 52 week low of C$16.26 and a 52 week 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 stock has a market capitalization of C$5.47 billion, a PE ratio of 91.20 and a beta of 1.31.

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.