TD Securities Lowers RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$21.00

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target trimmed by TD Securities from C$22.00 to C$21.00 in a report released on Wednesday morning, BayStreet.CA reports.

A number of other research firms have also issued reports on REI.UN. CIBC reduced their target price on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an outperform rating for the company in a report on Thursday, February 15th. 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 note on Friday, February 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$21.21.

RioCan Real Estate Investment Trust Stock Down 0.7 %

REI.UN stock opened at C$17.70 on Wednesday. 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 firm has a market capitalization of C$5.32 billion, a P/E 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 company’s 50 day simple moving average is C$18.20 and its 200-day simple moving average is C$18.08.

Insider Transactions at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,671 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$18.66, for a total transaction of C$31,180.86. 0.26% of the stock is currently owned by corporate insiders.

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.