June 17, 2024

KMCKrell

Taste the Home & Environment

RioCan Real Estate Investment Trust (TSE:REI.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages


Shares of RioCan Real Estate Investment Trust (TSE:REI.UNGet Free Report) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$20.86.

A number of equities research analysts have issued reports on REI.UN shares. Scotiabank cut RioCan Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$22.50 to C$20.50 in a research report on Tuesday, May 14th. 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. BMO Capital Markets boosted their target price 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 research report on Friday, February 16th. 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. Finally, 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.

Check Out Our Latest Report on RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust Price Performance

Shares of REI.UN opened at C$17.46 on Friday. The company has a debt-to-equity ratio of 93.99, a quick ratio of 0.08 and a current ratio of 0.26. The firm has a market cap of C$5.25 billion, a PE ratio of 102.71 and a beta of 1.28. The firm’s 50 day moving average price is C$17.91 and its 200 day moving average price is C$18.10. RioCan Real Estate Investment Trust has a twelve month low of C$16.32 and a twelve month high of C$20.53.

Insider Buying and Selling

In other news, Director Rocky Kim sold 1,671 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$18.66, for a total value of C$31,180.86. 0.31% of the stock is owned by corporate insiders.

About RioCan Real Estate Investment Trust

(Get Free Report

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.

See Also

Analyst Recommendations for RioCan Real Estate Investment Trust (TSE:REI.UN)



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