Jennifer Suess Sells 2,104 Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) Stock

RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Jennifer Suess sold 2,104 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$19.02, for a total transaction of C$40,018.08.

RioCan Real Estate Investment Trust Stock Performance

Shares of REI.UN stock remained flat at C$19.08 on Friday. The stock had a trading volume of 63,146 shares, compared to its average volume of 794,404. The company has a market capitalization of C$5.72 billion, a P/E ratio of 95.40 and a beta of 1.31. RioCan Real Estate Investment Trust has a twelve month low of C$16.26 and a twelve 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 50-day moving average of C$19.64 and a 200 day moving average of C$18.30.

Analyst Ratings Changes

A number of brokerages recently weighed in on REI.UN. BMO Capital Markets raised their target price on shares of RioCan Real Estate Investment Trust from C$19.00 to C$20.50 in a report on Monday, October 28th. National Bankshares raised their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research note on Wednesday, October 9th. Canaccord Genuity Group boosted their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. TD Securities upped their target price on RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a report on Monday, September 30th. Finally, CIBC lifted their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, RioCan Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.71.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada’s largest real estate investment trusts. 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. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.