Oliver Harrison Sells 4,000 Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) Stock

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) Senior Officer Oliver Harrison sold 4,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$18.95, for a total transaction of C$75,804.00.

RioCan Real Estate Investment Trust Trading Down 1.1 %

TSE:REI.UN traded down C$0.21 during mid-day trading on Wednesday, hitting C$18.43. The company had a trading volume of 1,085,190 shares, compared to its average volume of 802,688. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. RioCan Real Estate Investment Trust has a fifty-two week low of C$16.26 and a fifty-two week high of C$20.83. The firm has a market cap of C$5.53 billion, a P/E ratio of 92.15 and a beta of 1.31. The business's fifty day moving average is C$19.03 and its two-hundred day moving average is C$18.44.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. 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 research report on Wednesday. Canaccord Genuity Group raised their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Monday, September 16th. CIBC lifted their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, November 13th. National Bankshares upped their target price on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research report on Wednesday, October 9th. Finally, TD Securities lifted their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research report on Monday, September 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$21.67.

RioCan Real Estate Investment Trust Company Profile

RioCan 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.