RioCan Real Estate Investment Trust (TSE:REI.UN – Get Rating) had its price objective cut by analysts at National Bankshares from C$28.00 to C$27.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 12.52% from the company’s current price.
Several other analysts have also recently commented on the stock. Royal Bank of Canada upgraded shares of RioCan Real Estate Investment Trust from a “sector perform” rating to a “buy” rating and upped their target price for the company from C$24.00 to C$27.00 in a research report on Friday, February 11th. TD Securities increased their target price on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Thursday, February 24th. Canaccord Genuity Group lowered RioCan Real Estate Investment Trust to a “hold” rating and set a C$26.50 target price for the company. in a research report on Wednesday, April 6th. Finally, BMO Capital Markets upped their price target on RioCan Real Estate Investment Trust from C$25.75 to C$26.50 in a research note on Friday, February 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$25.89.
Shares of REI.UN traded up C$0.05 on Wednesday, reaching C$24.44. 297,269 shares of the company’s stock were exchanged, compared to its average volume of 1,011,494. The business has a 50 day moving average price of C$25.13 and a two-hundred day moving average price of C$23.42. RioCan Real Estate Investment Trust has a 12 month low of C$20.48 and a 12 month high of C$26.11. The stock has a market capitalization of C$7.57 billion and a P/E ratio of 12.94. The company has a current ratio of 0.61, a quick ratio of 0.16 and a debt-to-equity ratio of 84.33.
In other RioCan Real Estate Investment Trust news, Senior Officer Jeffrey Ross sold 6,469 shares of RioCan Real Estate Investment Trust stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of C$25.25, for a total value of C$163,342.25. Following the transaction, the insider now owns 69,905 shares of the company’s stock, valued at C$1,765,101.25.
RioCan Real Estate Investment Trust Company Profile (Get Rating)
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.
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