RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$20.78 Consensus Target Price from Analysts

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$20.78.

A number of research firms have commented on REI.UN. Scotiabank lifted their target price on shares of RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. National Bankshares cut shares of RioCan Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$22.25 to C$18.00 in a research note on Monday, April 14th. Canaccord Genuity Group downgraded 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. TD Securities cut 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 report on Monday, March 31st. Finally, Royal Bank of Canada cut their target price on shares of 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.

RioCan Real Estate Investment Trust Stock Down 1.1 %

Shares of TSE REI.UN traded down C$0.19 during trading on Thursday, reaching C$16.94. The company had a trading volume of 475,802 shares, compared to its average volume of 811,642. The stock has a market cap of C$5.08 billion, a PE ratio of 84.70 and a beta of 1.31. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a 12-month low of C$15.46 and a 12-month high of C$20.83. The business's 50-day moving average is C$17.95 and its 200 day moving average is C$18.55.

Insider Activity at RioCan Real Estate Investment Trust

In other news, Director Richard Dansereau acquired 4,005 shares of the business's stock in a transaction dated 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. 0.31% of the stock is currently owned by corporate insiders.

RioCan Real Estate Investment Trust Company Profile

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.