Brokerages Set RioCan Real Estate Investment Trust (TSE:REI.UN) PT at C$21.47

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$21.36.

A number of research firms have weighed in on REI.UN. Desjardins reduced their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. National Bankshares boosted their price target on RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an "outperform" rating in a report on Thursday, February 20th. Royal Bank of Canada dropped their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Monday. Scotiabank boosted their target price on shares of RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group lowered shares of RioCan Real Estate Investment Trust from a "buy" rating to a "hold" rating and dropped their price target for the company from C$21.00 to C$19.50 in a research report on Wednesday, March 19th.

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RioCan Real Estate Investment Trust Stock Down 1.3 %

Shares of RioCan Real Estate Investment Trust stock traded down C$0.22 during trading on Friday, hitting C$17.09. 1,040,515 shares of the stock traded hands, compared to its average volume of 744,259. RioCan Real Estate Investment Trust has a 52-week low of C$16.26 and a 52-week high of C$20.83. The stock's fifty day simple moving average is C$18.65 and its 200 day simple moving average is C$18.99. The firm has a market cap of C$5.13 billion, a P/E ratio of 85.45 and a beta of 1.31. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37.

Insider Buying and Selling at RioCan Real Estate Investment Trust

In related news, Director Richard Dansereau acquired 4,005 shares of RioCan Real Estate Investment Trust stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of C$19.47 per share, for a total transaction of C$77,977.35. 0.31% of the stock is currently owned by corporate 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.