RioCan Real Estate Investment Trust (REI.UN) Insider RioCan Real Estate Investment Trust Buys 178,116 Shares

RioCan Real Estate Investment Trust (TSE:REI.UN) insider RioCan Real Estate Investment Trust bought 178,116 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of C$25.39 per share, with a total value of C$4,521,830.89. Following the transaction, the insider now owns 178,116 shares of the company’s stock, valued at approximately C$4,521,830.89.

Shares of TSE:REI.UN opened at C$25.49 on Friday. The company has a debt-to-equity ratio of 78.51, a current ratio of 0.59 and a quick ratio of 0.13. RioCan Real Estate Investment Trust has a fifty-two week low of C$23.06 and a fifty-two week high of C$26.67. The firm has a market cap of $7.76 billion and a P/E ratio of 13.81.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a C$27.00 target price on shares of RioCan Real Estate Investment Trust in a research report on Monday, February 11th. TD Securities upped their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. Royal Bank of Canada upped their target price on shares of RioCan Real Estate Investment Trust from C$26.50 to C$27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 13th. CIBC upped their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$28.00 in a research report on Wednesday, February 13th. Finally, Raymond James upped their target price on shares of RioCan Real Estate Investment Trust from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. RioCan Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus target price of C$27.50.

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RioCan Real Estate Investment Trust Company Profile

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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