Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$21.67.
Several equities analysts recently commented on REI.UN shares. CIBC upped their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. BMO Capital Markets upped their price objective on shares of RioCan Real Estate Investment Trust from C$19.00 to C$20.50 in a research note on Monday, October 28th. Canaccord Genuity Group increased their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a "buy" rating in a report on Monday, September 16th. TD Securities boosted their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a report on Monday, September 30th. Finally, National Bankshares lifted their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a report on Wednesday, October 9th.
Read Our Latest Research Report on RioCan Real Estate Investment Trust
Insider Activity at RioCan Real Estate Investment Trust
In other RioCan Real Estate Investment Trust news, Senior Officer Jennifer Suess sold 2,104 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$19.02, for a total value of C$40,018.08. Corporate insiders own 0.31% of the company's stock.
RioCan Real Estate Investment Trust Price Performance
RioCan Real Estate Investment Trust stock traded down C$0.14 during mid-day trading on Friday, hitting C$18.32. 1,210,394 shares of the company were exchanged, compared to its average volume of 801,013. 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 market capitalization of C$5.50 billion, a P/E ratio of 91.60 and a beta of 1.31. The business's 50 day simple moving average is C$19.11 and its two-hundred day simple moving average is C$18.42. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08.
RioCan Real Estate Investment Trust Company Profile
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Get Free ReportRioCan 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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