News Bulletin
Daily News Portal

RioCan Real Estate Investment Trust (TSE:REI.UN) Receives Consensus Rating of “Moderate



RioCan Real Estate Investment Trust (TSE:REI.UNGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$20.86.

Several analysts have commented on REI.UN shares. National Bankshares cut their target price 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 note on Wednesday, April 24th. Scotiabank downgraded RioCan Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$22.50 to C$20.50 in a research note on Tuesday, May 14th. Finally, TD Securities dropped their price target on RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research note on Wednesday, April 24th.

Get Our Latest Report on RioCan Real Estate Investment Trust

Insider Buying and Selling at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,671 shares of the business’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. Company insiders own 0.31% of the company’s stock.

RioCan Real Estate Investment Trust Stock Down 1.0 %

REI.UN stock opened at C$16.53 on Tuesday. RioCan Real Estate Investment Trust has a twelve month low of C$16.32 and a twelve month high of C$20.52. The company has a quick ratio of 0.08, a current ratio of 0.26 and a debt-to-equity ratio of 93.99. The firm has a market cap of C$4.97 billion, a PE ratio of 97.24 and a beta of 1.28. The business has a 50 day moving average of C$17.52 and a 200 day moving average of C$18.06.

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.

Featured Articles

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



Receive News & Ratings for RioCan Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for RioCan Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.



Read Nore:RioCan Real Estate Investment Trust (TSE:REI.UN) Receives Consensus Rating of “Moderate