RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Oliver Harrison Sells 4,000 Shares

RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Oliver Harrison sold 4,000 shares of RioCan Real Estate Investment Trust stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$18.95, for a total value of C$75,804.00.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust stock opened at C$18.45 on Friday. The firm has a market capitalization of C$5.53 billion, a P/E ratio of 92.25 and a beta of 1.31. RioCan Real Estate Investment Trust has a one year low of C$16.26 and a one year high of C$20.83. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The business has a fifty day moving average price of C$19.01 and a 200-day moving average price of C$18.44.

Analysts Set New Price Targets

REI.UN has been the topic of several research reports. National Bankshares lifted their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group lifted their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Monday, September 16th. BMO Capital Markets raised RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from C$21.00 to C$20.50 in a report on Wednesday. TD Securities boosted their target price on RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research note on Monday, September 30th. Finally, CIBC increased their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, RioCan Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$21.67.

About RioCan Real Estate Investment Trust

RioCan is one of Canada’s largest real estate investment trusts. 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. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.