RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Cut to C$20.50 by Analysts at National Bankshares

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price decreased by analysts at National Bankshares from C$21.00 to C$20.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price target would indicate a potential upside of 16.88% from the stock’s previous close.

REI.UN has been the topic of several other research reports. CIBC dropped their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. BMO Capital Markets raised their price target on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Finally, TD Securities lowered their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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 TSE:REI.UN opened at C$17.54 on Wednesday. The firm’s 50 day moving average is C$18.18 and its two-hundred day moving average is C$18.08. RioCan Real Estate Investment Trust has a 52 week low of C$16.32 and a 52 week high of C$21.28. The firm has a market capitalization of C$5.27 billion, a P/E ratio of 134.92 and a beta of 1.26. The company has a current ratio of 0.31, a quick ratio of 0.08 and a debt-to-equity ratio of 92.72.

Insider Activity at RioCan Real Estate Investment Trust

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 shares were sold at an average price of C$18.66, for a total transaction of C$31,180.86. Company insiders own 0.26% of the company’s stock.

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.