RioCan Real Estate Investment Trust (TSE:REI.UN) Receives Average Recommendation of “Moderate Buy” from Brokerages

RioCan Real Estate Investment Trust (TSE:REI.UN) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$21.21.

A number of research firms recently issued reports on REI.UN. TD Securities lowered their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research note on Wednesday, April 24th. National Bankshares lowered their price target on RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. 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. Finally, BMO Capital Markets boosted their price objective on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “market perform” rating in a report on Friday, February 16th.

Insider Activity

In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,699 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$18.46, for a total value of C$31,363.54. 0.26% of the stock is currently owned by corporate insiders.

RioCan Real Estate Investment Trust Stock Performance

TSE:REI.UN opened at C$17.54 on Monday. The company’s 50 day moving average is C$18.14 and its 200-day moving average is C$18.07. The company has a quick ratio of 0.08, a current ratio of 0.31 and a debt-to-equity ratio of 92.72. RioCan Real Estate Investment Trust has a 12 month low of C$16.32 and a 12 month high of C$21.15. The firm has a market cap of C$5.27 billion, a price-to-earnings ratio of 134.92 and a beta of 1.26.

RioCan Real Estate Investment Trust Company Profile

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.