RioCan Real Estate Investment Trust (TSE:REI.UN) Given New C$20.50 Price Target at National Bankshares

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target lowered by National Bankshares from C$21.00 to C$20.50 in a report published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. BMO Capital Markets raised their price objective on RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a market perform rating in a research note on Friday, February 16th. CIBC lowered their target price on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an outperform rating for the company in a report on Thursday, February 15th. Finally, TD Securities lowered their target price on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of C$21.21.

RioCan Real Estate Investment Trust Stock Performance

REI.UN stock opened at C$17.54 on Wednesday. The business’s fifty day moving average is C$18.16 and its 200-day moving average is C$18.08. The company has a quick ratio of 0.08, a current ratio of 0.31 and a debt-to-equity ratio of 92.72. The company has a market cap of C$5.27 billion, a P/E ratio of 134.92 and a beta of 1.26. RioCan Real Estate Investment Trust has a twelve month low of C$16.32 and a twelve month high of C$21.15.

Insider Activity

In other news, Director Rocky Kim sold 1,671 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$18.66, for a total value of C$31,180.86. 0.26% of the stock is owned by corporate 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.