Richard Dansereau Buys 4,005 Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) Stock

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

RioCan Real Estate Investment Trust Price Performance

Shares of RioCan Real Estate Investment Trust stock opened at C$19.41 on Friday. The stock has a market capitalization of C$5.82 billion, a price-to-earnings ratio of 97.05 and a beta of 1.31. The firm’s 50-day moving average price is C$18.53 and its two-hundred day moving average price is C$18.87. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a 1-year low of C$16.26 and a 1-year high of C$20.83.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. National Bankshares raised their price objective 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 report on Thursday. Desjardins cut their price target on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday. Scotiabank upped their price objective on 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. CIBC increased their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. Finally, BMO Capital Markets raised RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and decreased their price target for the company from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.