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 company’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 Down 0.8 %

REI.UN stock opened at C$18.92 on Friday. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The firm has a market capitalization of C$5.68 billion, a P/E ratio of 94.60 and a beta of 1.31. RioCan Real Estate Investment Trust has a 52-week low of C$16.26 and a 52-week high of C$20.83. The company’s 50 day simple moving average is C$19.62 and its 200-day simple moving average is C$18.32.

Wall Street Analyst Weigh In

REI.UN has been the topic of a number of research reports. BMO Capital Markets boosted 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. TD Securities lifted their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research report on Monday, September 30th. National Bankshares increased their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group lifted 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 report on Monday, September 16th. Finally, CIBC boosted their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$21.71.

About RioCan Real Estate Investment Trust

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.