RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) had its target price dropped by investment analysts at TD Securities from C$23.00 to C$22.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. TD Securities' target price indicates a potential upside of 32.45% from the stock's current price.
Several other research analysts have also recently issued reports on REI.UN. National Bankshares raised their target price 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 report on Thursday, February 20th. Royal Bank of Canada decreased their target price on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Canaccord Genuity Group lowered RioCan Real Estate Investment Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$21.00 to C$19.50 in a research note on Wednesday, March 19th. Desjardins decreased their price objective on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Scotiabank boosted their price target 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 report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$21.25.
View Our Latest Stock Analysis on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Price Performance
Shares of REI.UN traded down C$0.44 during midday trading on Monday, reaching C$16.61. The stock had a trading volume of 1,428,552 shares, compared to its average volume of 777,672. The company has a market capitalization of C$4.98 billion, a price-to-earnings ratio of 83.05 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. 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's 50-day moving average is C$18.49 and its 200 day moving average is C$18.90.
Insider Activity
In other RioCan Real Estate Investment Trust news, Director Richard Dansereau acquired 4,005 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of C$19.47 per share, with a total value 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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