Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target at C$21.67

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$21.67.

Several research analysts have recently issued reports on REI.UN shares. CIBC upped their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. BMO Capital Markets raised RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and cut their price target for the company from C$21.00 to C$20.50 in a research note on Wednesday, December 18th.

RioCan Real Estate Investment Trust Trading Down 0.5 %

REI.UN opened at C$18.73 on Friday. The company has a market cap of C$5.62 billion, a P/E ratio of 93.65 and a beta of 1.31. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. The company’s 50 day moving average is C$18.46 and its 200-day moving average is C$18.80. RioCan Real Estate Investment Trust has a 1-year low of C$16.26 and a 1-year high of C$20.83.

Insider Buying and Selling at RioCan Real Estate Investment Trust

In related news, Senior Officer Jennifer Suess sold 2,104 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$19.02, for a total transaction of C$40,018.08. Also, Senior Officer Oliver Harrison sold 4,000 shares of RioCan Real Estate Investment Trust stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total transaction of C$75,804.00. 0.31% of the stock is currently owned by company insiders.

About RioCan Real Estate Investment Trust

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada.