RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$21.71.
A number of research firms recently commented on REI.UN. CIBC dropped their price objective on 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 Thursday, February 15th. BMO Capital Markets upped their price objective on RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a "market perform" rating in a report on Friday, February 16th. Finally, Desjardins set a C$22.00 price objective on RioCan Real Estate Investment Trust and gave the company a "buy" rating in a report on Friday, December 8th.
Get Our Latest Report on REI.UN
RioCan Real Estate Investment Trust Trading Up 1.2 %
Shares of REI.UN traded up C$0.22 during trading hours on Thursday, hitting C$18.09. 970,631 shares of the stock traded hands, compared to its average volume of 797,434. The company has a current ratio of 0.31, a quick ratio of 0.08 and a debt-to-equity ratio of 92.72. RioCan Real Estate Investment Trust has a 1-year low of C$16.32 and a 1-year high of C$21.77. The firm has a market capitalization of C$5.44 billion, a PE ratio of 139.15 and a beta of 1.26. The business has a fifty day moving average of C$18.27 and a 200-day moving average of C$18.12.
Insider Activity at RioCan Real Estate Investment Trust
In related news, Director Rocky Kim sold 1,699 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of C$18.46, for a total transaction of C$31,363.54. Insiders own 0.26% of the company's stock.
About RioCan Real Estate Investment Trust
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Get Free ReportRioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. 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.
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