National Bankshares Lowers RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$20.50

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target trimmed by National Bankshares from C$21.00 to C$20.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about 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 target on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday. Finally, BMO Capital Markets upped their price objective on RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a market perform rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$21.21.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust stock opened at C$17.70 on Wednesday. The firm has a market capitalization of C$5.32 billion, a PE ratio of 136.15 and a beta of 1.26. RioCan Real Estate Investment Trust has a 52 week low of C$16.32 and a 52 week high of C$21.38. The firm’s 50-day simple moving average is C$18.20 and its 200 day simple moving average is C$18.08. The company has a quick ratio of 0.08, a current ratio of 0.31 and a debt-to-equity ratio of 92.72.

Insider Transactions at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,699 shares of RioCan Real Estate Investment Trust stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$18.46, for a total transaction of C$31,363.54. 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.