RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) had its target price lowered by analysts at TD Securities from C$22.00 to C$21.00 in a research note issued on Wednesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 19.73% from the stock’s current price.
REI.UN has been the subject of a number of other research reports. CIBC reduced their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. BMO Capital Markets boosted their target price on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$21.21.
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RioCan Real Estate Investment Trust Price Performance
Insider Transactions at RioCan Real Estate Investment Trust
In other news, Director Rocky Kim sold 1,671 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$18.66, for a total value of C$31,180.86. Company insiders own 0.26% of the company’s stock.
About RioCan Real Estate Investment Trust
RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. 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.
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