RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target Raised to C$22.25 at National Bankshares

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target increased by equities research analysts at National Bankshares from C$22.00 to C$22.25 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price indicates a potential upside of 15.52% from the stock’s current price.

REI.UN has been the subject of several other reports. CIBC increased their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. Scotiabank upped their price target on shares of RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a “sector perform” rating in a research report on Thursday. Finally, BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and reduced their price target for the company from C$21.00 to C$20.50 in a research report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$21.75.

RioCan Real Estate Investment Trust Price Performance

REI.UN stock traded down C$0.29 on Thursday, hitting C$19.26. 585,583 shares of the company’s stock traded hands, compared to its average volume of 601,199. RioCan Real Estate Investment Trust has a 1-year low of C$16.26 and a 1-year high of C$20.83. The stock has a market cap of C$5.78 billion, a price-to-earnings ratio of 96.30 and a beta of 1.31. The stock has a fifty day moving average of C$18.49 and a 200-day moving average of C$18.86. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37.

Insider Transactions at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Senior Officer Oliver Harrison sold 4,000 shares of the firm’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, Director Richard Dansereau purchased 4,005 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of C$19.47 per share, with a total value of C$77,977.35. 0.31% of the stock is owned by insiders.

RioCan Real Estate Investment Trust Company Profile

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.