Brokerages Set RioCan Real Estate Investment Trust (TSE:REI.UN) PT at C$21.75

RioCan Real Estate Investment Trust (TSE:REI.UN) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$21.75.

A number of analysts recently weighed in on the stock. CIBC upped their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. National Bankshares increased their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an “outperform” rating in a report on Thursday, February 20th. Desjardins lowered their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from C$21.00 to C$20.50 in a research report on Wednesday, December 18th. Finally, Scotiabank lifted their price objective on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “sector perform” rating in a report on Thursday, February 20th.

RioCan Real Estate Investment Trust Stock Down 0.6 %

Shares of TSE:REI.UN opened at C$19.39 on Wednesday. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The firm has a market capitalization of C$5.82 billion, a PE ratio of 96.95 and a beta of 1.31. The firm’s 50-day moving average is C$18.64 and its two-hundred day moving average is C$18.93. RioCan Real Estate Investment Trust has a 1 year low of C$16.26 and a 1 year high of C$20.83.

Insider Activity at RioCan Real Estate Investment Trust

In other news, Senior Officer Oliver Harrison sold 4,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total transaction of C$75,804.00. Also, Director Richard Dansereau purchased 4,005 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average cost of C$19.47 per share, with a total value of C$77,977.35. 0.31% of the stock is owned by corporate insiders.

About RioCan Real Estate Investment Trust

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada.