RioCan Real Estate Investment Trust (TSE:REI.UN) Given New C$20.00 Price Target at BMO Capital Markets

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price decreased by equities research analysts at BMO Capital Markets from C$21.50 to C$20.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target would indicate a potential upside of 15.54% from the company’s current price.

Several other research analysts also recently weighed in on REI.UN. Canaccord Genuity Group downgraded RioCan Real Estate Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the company from C$21.00 to C$19.50 in a report on Wednesday, March 19th. National Bankshares lifted their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Scotiabank increased their price objective 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 note on Thursday, February 20th. Finally, Desjardins decreased their target price on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$21.36.

RioCan Real Estate Investment Trust Stock Up 0.5 %

RioCan Real Estate Investment Trust stock opened at C$17.31 on Monday. 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$5.19 billion, a price-to-earnings ratio of 86.55 and a beta of 1.31. The stock’s fifty day moving average is C$18.65 and its two-hundred day moving average is C$18.99. RioCan Real Estate Investment Trust has a fifty-two week low of C$16.26 and a fifty-two week high of C$20.83.

Insider Transactions at RioCan Real Estate Investment Trust

In other news, Director Richard Dansereau purchased 4,005 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of C$19.47 per share, for a total transaction of C$77,977.35. Company insiders own 0.31% of the company’s stock.

About RioCan Real Estate Investment Trust

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.