RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$20.17 Average PT from Brokerages

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$20.17.

A number of research analysts recently commented on the company. CIBC decreased their price target on RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. National Bankshares cut RioCan Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$22.25 to C$18.00 in a research report on Monday, April 14th. BMO Capital Markets decreased their target price on 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. Royal Bank of Canada decreased their target price on 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. Finally, Canaccord Genuity Group decreased their target price on RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th.

Insider Buying and Selling

In other news, Director Richard Dansereau acquired 4,005 shares of RioCan Real Estate Investment Trust stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of C$19.47 per share, for a total transaction of C$77,977.35. 0.31% of the stock is currently owned by insiders.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust stock traded down C$0.13 during mid-day trading on Monday, hitting C$17.35. 631,152 shares of the company's stock traded hands, compared to its average volume of 795,622. The firm has a 50 day simple moving average of C$17.26 and a two-hundred day simple moving average of C$18.23. RioCan Real Estate Investment Trust has a fifty-two week low of C$15.46 and a fifty-two week high of C$20.83. The stock has a market cap of C$5.20 billion, a price-to-earnings ratio of 86.75 and a beta of 1.31. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08.

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.