Jennifer Suess Sells 2,104 Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) Stock

RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Jennifer Suess sold 2,104 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$19.02, for a total transaction of C$40,018.08.

RioCan Real Estate Investment Trust Stock Down 0.8 %

REI.UN stock opened at C$18.92 on Friday. The firm has a market cap of C$5.68 billion, a PE ratio of 94.60 and a beta of 1.31. RioCan Real Estate Investment Trust has a 1 year low of C$16.26 and a 1 year high of C$20.83. The company has a fifty day simple moving average of C$19.62 and a 200 day simple moving average of C$18.32. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37.

Wall Street Analyst Weigh In

Several research analysts have weighed in on REI.UN shares. Canaccord Genuity Group upped their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Monday, September 16th. BMO Capital Markets boosted their price target on shares of RioCan Real Estate Investment Trust from C$19.00 to C$20.50 in a report on Monday, October 28th. National Bankshares increased their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a report on Wednesday, October 9th. CIBC lifted their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, November 13th. Finally, TD Securities upped their target price on RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.71.

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.