RioCan Real Estate Investment Trust - REI.UN Stock Forecast, Price & News

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. Our portfolio is comprised of 233 properties, including 16 development properties, with an aggregate net leasable area of approximately 38.7 million square feet.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on REI.UN. Royal Bank of Canada cut their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Thursday, May 12th. National Bankshares raised their target price on shares of RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a report on Wednesday, August 10th. Finally, CIBC cut their price target on RioCan Real Estate Investment Trust from C$25.00 to C$24.00 in a report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$25.56.

RioCan Real Estate Investment Trust Price Performance

Shares of TSE:REI.UN traded down C$0.20 during mid-day trading on Wednesday, reaching C$21.30. 802,581 shares of the company traded hands, compared to its average volume of 962,672. RioCan Real Estate Investment Trust has a fifty-two week low of C$19.27 and a fifty-two week high of C$26.11. The company has a debt-to-equity ratio of 87.02, a current ratio of 0.46 and a quick ratio of 0.11. The firm has a market cap of C$6.77 billion and a PE ratio of 11.50. The stock has a fifty day simple moving average of C$20.40 and a 200-day simple moving average of C$22.74.

Insider Activity at RioCan Real Estate Investment Trust

In related news, Senior Officer John Ballantyne acquired 4,900 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were acquired at an average price of C$20.47 per share, for a total transaction of C$100,278.50. Following the completion of the purchase, the insider now directly owns 68,992 shares of the company's stock, valued at C$1,411,921.28. In other RioCan Real Estate Investment Trust news, Senior Officer John Ballantyne purchased 4,900 shares of the firm's stock in a transaction on Tuesday, June 21st. The shares were purchased at an average price of C$20.47 per share, for a total transaction of C$100,278.50. Following the completion of the transaction, the insider now owns 68,992 shares in the company, valued at approximately C$1,411,921.28. Also, insider Naftali Sturm sold 2,639 shares of RioCan Real Estate Investment Trust stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of C$20.18, for a total transaction of C$53,243.94.