RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Cut to C$21.00 by Analysts at TD Securities

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price trimmed by TD Securities from C$22.00 to C$21.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

Several other brokerages also recently weighed in on REI.UN. CIBC dropped 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. BMO Capital Markets upped their target price on RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a market perform rating in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$21.21.

RioCan Real Estate Investment Trust Price Performance

Shares of REI.UN stock opened at C$17.54 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.31 and a debt-to-equity ratio of 92.72. RioCan Real Estate Investment Trust has a twelve month low of C$16.32 and a twelve month high of C$21.15. The company has a market cap of C$5.27 billion, a P/E ratio of 134.92 and a beta of 1.26. The business has a fifty day simple moving average of C$18.14 and a 200 day simple moving average of C$18.07.

Insider Buying and Selling

In related news, Director Rocky Kim sold 1,671 shares of the firm’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 currently owned by insiders.

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.