TD Securities Trims RioCan Real Estate Investment Trust (TSE:REI.UN) Target Price to C$21.00

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) had its price target decreased by research analysts at TD Securities from C$22.00 to C$21.00 in a research report issued on Wednesday, BayStreet.CA reports. TD Securities' target price indicates a potential upside of 18.64% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. CIBC decreased their price target 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 note on Thursday, February 15th. BMO Capital Markets lifted their target price on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, RioCan Real Estate Investment Trust has a consensus rating of "Moderate Buy" and an average price target of C$21.21.

RioCan Real Estate Investment Trust Price Performance

REI.UN traded down C$0.13 during trading on Wednesday, reaching C$17.70. 443,591 shares of the stock were exchanged, compared to its average volume of 792,983. The company has a debt-to-equity ratio of 92.72, a current ratio of 0.31 and a quick ratio of 0.08. The company has a market capitalization of C$5.32 billion, a price-to-earnings ratio of 136.15 and a beta of 1.26. RioCan Real Estate Investment Trust has a 1 year low of C$16.32 and a 1 year high of C$21.38. The business's 50 day moving average price is C$18.20 and its two-hundred day moving average price is C$18.08.

Insider Buying and Selling

In other news, Director Rocky Kim sold 1,671 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$18.66, for a total transaction of C$31,180.86. 0.26% of the stock is currently owned by corporate insiders.

RioCan Real Estate Investment Trust Company Profile

RioCan 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.