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

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$21.67.

Several brokerages recently commented on REI.UN. National Bankshares boosted their price target on RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research note on Wednesday, October 9th. CIBC lifted their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets raised shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from C$21.00 to C$20.50 in a research report on Wednesday, December 18th.

Insider Buying and Selling

In other news, Senior Officer Oliver Harrison sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total value of C$75,804.00. Also, Senior Officer Jennifer Suess sold 2,104 shares of RioCan Real Estate Investment Trust stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$19.02, for a total transaction of C$40,018.08. Company insiders own 0.31% of the company’s stock.

RioCan Real Estate Investment Trust Trading Down 0.9 %

RioCan Real Estate Investment Trust stock opened at C$18.48 on Friday. RioCan Real Estate Investment Trust has a 52 week low of C$16.26 and a 52 week high of C$20.83. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The firm has a market capitalization of C$5.54 billion, a price-to-earnings ratio of 92.40 and a beta of 1.31. The company has a 50 day moving average price of C$18.49 and a 200 day moving average price of C$18.76.

About RioCan Real Estate Investment Trust

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada.