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 been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$21.36.

Several equities research analysts have recently issued reports on the stock. National Bankshares lifted their price objective 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 research report on Thursday, February 20th. Desjardins reduced their price target 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 research report on Thursday, February 20th. Canaccord Genuity Group downgraded RioCan Real Estate Investment Trust from a "buy" rating to a "hold" rating and lowered their target price for the company from C$21.00 to C$19.50 in a research note on Wednesday, March 19th. Royal Bank of Canada dropped their price target 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, March 24th. Finally, BMO Capital Markets decreased their target price on shares of RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th.

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RioCan Real Estate Investment Trust Trading Down 0.2 %

RioCan Real Estate Investment Trust stock traded down C$0.04 during trading on Friday, hitting C$17.20. The company had a trading volume of 838,347 shares, compared to its average volume of 756,387. 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 cap of C$5.16 billion, a price-to-earnings ratio of 86.00 and a beta of 1.31. RioCan Real Estate Investment Trust has a 1-year low of C$16.26 and a 1-year high of C$20.83. The company's 50 day simple moving average is C$18.58 and its 200-day simple moving average is C$18.96.

Insider Activity

In other news, Director Richard Dansereau purchased 4,005 shares of the business's stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of C$19.47 per share, with a total value of C$77,977.35. 0.31% of the stock is 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.