RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Oliver Harrison Sells 4,000 Shares

RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Oliver Harrison sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$18.95, for a total transaction of C$75,804.00.

RioCan Real Estate Investment Trust Stock Performance

Shares of TSE REI.UN traded down C$0.08 during trading on Wednesday, hitting C$18.56. The company had a trading volume of 709,066 shares, compared to its average volume of 801,044. RioCan Real Estate Investment Trust has a 12 month low of C$16.26 and a 12 month 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$5.57 billion, a P/E ratio of 92.80 and a beta of 1.31. The stock has a 50 day simple moving average of C$19.08 and a 200 day simple moving average of C$18.44.

Analyst Ratings Changes

Several equities analysts have recently weighed in on REI.UN shares. BMO Capital Markets raised RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$21.00 to C$20.50 in a report on Wednesday. Canaccord Genuity Group increased their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Monday, September 16th. TD Securities boosted their price target on RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research note on Monday, September 30th. National Bankshares increased their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, CIBC boosted their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, RioCan Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$21.67.

About RioCan Real Estate Investment Trust

RioCan is one of Canada’s largest real estate investment trusts. 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. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.