Analysts Set RioCan Real Estate Investment Trust (TSE:REI.UN) Target Price at C$21.21

RioCan Real Estate Investment Trust (TSE:REI.UN) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to 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.

Several analysts have commented on the company. BMO Capital Markets lifted 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 report on Friday, February 16th. National Bankshares lowered their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. TD Securities cut their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research note on Wednesday, April 24th. Finally, CIBC lowered their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th.

Insider Activity

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

RioCan Real Estate Investment Trust Stock Performance

TSE:REI.UN opened at C$17.84 on Monday. 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 cap of C$5.36 billion, a PE ratio of 137.23 and a beta of 1.26. The firm has a 50 day simple moving average of C$18.05 and a 200-day simple moving average of C$18.06. RioCan Real Estate Investment Trust has a 1-year low of C$16.32 and a 1-year high of C$20.85.

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.