RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) had its price target lowered by investment analysts at National Bankshares from C$21.00 to C$20.50 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price would indicate a potential upside of 16.88% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. CIBC dropped their price target on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. BMO Capital Markets boosted their price target 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. Finally, TD Securities dropped their price target on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$21.21.
View Our Latest Stock Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Stock Performance
Insider Buying and Selling at RioCan Real Estate Investment Trust
In other news, Director Rocky Kim sold 1,671 shares of the business’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 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.
Recommended Stories
- Five stocks we like better than RioCan Real Estate Investment Trust
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Hasbro’s Management Made All the Right Calls This Quarter
- How to invest in blue chip stocks
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Insider Trading – What You Need to Know
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for RioCan Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RioCan Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.