RioCan Real Estate Investment Trust (TSE:REI.UN) Reaches New 12-Month Low - Here's What Happened

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$15.81 and last traded at C$15.96, with a volume of 216755 shares traded. The stock had previously closed at C$16.61.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Canaccord Genuity Group downgraded RioCan Real Estate Investment Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from C$21.00 to C$19.50 in a report on Wednesday, March 19th. National Bankshares upped their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Royal Bank of Canada dropped their target price 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 report on Monday, March 24th. 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. Finally, BMO Capital Markets decreased their price objective on shares of RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$21.25.

RioCan Real Estate Investment Trust Trading Up 0.2 %

The company has a market capitalization of C$4.89 billion, a P/E ratio of 81.50 and a beta of 1.31. The company has a fifty day simple moving average of C$18.16 and a two-hundred day simple moving average of C$18.69. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08.

Insider Buying and Selling

In other RioCan Real Estate Investment Trust news, Director Richard Dansereau purchased 4,005 shares of the stock in a transaction dated Thursday, February 20th. The shares were bought 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

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.