RioCan Real Estate Investment Trust (TSE:REI.UN) Director Richard Dansereau Acquires 4,005 Shares

RioCan Real Estate Investment Trust (TSE:REI.UN) Director Richard Dansereau acquired 4,005 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of C$19.47 per share, with a total value of C$77,977.35.

RioCan Real Estate Investment Trust Price Performance

REI.UN opened at C$19.41 on Friday. The stock has a market cap of C$5.82 billion, a P/E ratio of 97.05 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 company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. The company has a fifty day simple moving average of C$18.53 and a 200 day simple moving average of C$18.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Scotiabank boosted their target price on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “sector perform” rating in a research report on Thursday. BMO Capital Markets upgraded RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from C$21.00 to C$20.50 in a research report on Wednesday, December 18th. National Bankshares upped their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an “outperform” rating in a research report on Thursday. Desjardins reduced their target price on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, CIBC boosted their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$21.75.

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.