RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) was downgraded by analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Monday,BayStreet.CA reports. They currently have a C$18.00 price target on the real estate investment trust's stock, down from their prior price target of C$22.25. National Bankshares' price target indicates a potential upside of 5.08% from the stock's previous close.
A number of other brokerages also recently issued reports on REI.UN. TD Securities lowered their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Royal Bank of Canada lowered their price objective 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. Scotiabank increased their target price on shares of RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Canaccord Genuity Group cut RioCan Real Estate Investment Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$21.00 to C$19.50 in a research note on Wednesday, March 19th. Finally, Desjardins lowered their target price 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 note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, RioCan Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of C$20.78.
Check Out Our Latest Research Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Stock Performance
REI.UN traded up C$0.31 during midday trading on Monday, reaching C$17.13. The company had a trading volume of 676,484 shares, compared to its average volume of 816,119. The stock has a market cap of C$5.14 billion, a PE ratio of 85.65 and a beta of 1.31. The business has a 50-day moving average price of C$17.98 and a two-hundred day moving average price of C$18.58. 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 12-month low of C$15.46 and a 12-month high of C$20.83.
Insider Buying and Selling
In other RioCan Real Estate Investment Trust news, Director Richard Dansereau acquired 4,005 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was bought 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.
About RioCan Real Estate Investment Trust
(
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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.
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