RioCan Real Estate Investment Trust (TSE:REI.UN) Receives C$21.21 Consensus Target Price from Brokerages

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$21.21.

Several research analysts have issued reports on the company. CIBC cut 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 research report on Thursday, February 15th. TD Securities cut their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research report on Wednesday, April 24th. BMO Capital Markets increased their price objective on RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Finally, National Bankshares cut their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust stock opened at C$17.84 on Monday. RioCan Real Estate Investment Trust has a 12 month low of C$16.32 and a 12 month high of C$20.85. 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 business has a 50 day simple moving average of C$18.04 and a 200-day simple moving average of C$18.06. The stock has a market capitalization of C$5.36 billion, a PE ratio of 137.23 and a beta of 1.26.

Insider Transactions at RioCan Real Estate Investment Trust

In other news, Director Rocky Kim sold 1,671 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$18.66, for a total value of C$31,180.86. Company insiders own 0.26% of the company’s stock.

About RioCan Real Estate Investment Trust

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.