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 stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total transaction of C$75,804.00.

RioCan Real Estate Investment Trust Stock Down 1.1 %

Shares of TSE:REI.UN opened at C$18.43 on Thursday. The company has a market capitalization of C$5.53 billion, a price-to-earnings ratio of 92.15 and a beta of 1.31. RioCan Real Estate Investment Trust has a 12-month low of C$16.26 and a 12-month high of C$20.83. The business has a 50-day moving average price of C$19.03 and a 200 day moving average price of C$18.44. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37.

Analysts Set New Price Targets

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

RioCan Real Estate Investment Trust Company Profile

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.