RioCan Real Estate Investment Trust logoRioCan Actual Property Funding Belief (TSE:REI.UN – Get Score) had its worth goal hoisted by inventory analysts at Nationwide Bankshares from C$23.00 to C$24.00 in a word issued to buyers on Wednesday, BayStreet.CA reviews. The brokerage presently has an “outperform” score on the true property funding belief’s inventory. Nationwide Bankshares’ worth goal would counsel a possible upside of 12.46% from the inventory’s earlier shut.

Different analysts have additionally not too long ago issued reviews concerning the firm. CIBC decreased their goal worth on RioCan Actual Property Funding Belief from C$26.25 to C$25.00 in a analysis word on Monday, June twenty seventh. Royal Financial institution of Canada decreased their goal worth on RioCan Actual Property Funding Belief from C$27.00 to C$26.00 and set an “outperform” score for the corporate in a analysis word on Thursday, Could twelfth. Two analysts have rated the inventory with a maintain score and three have given a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, RioCan Actual Property Funding Belief presently has a median score of “Reasonable Purchase” and a median goal worth of C$25.56.

RioCan Actual Property Funding Belief Inventory Efficiency

Shares of REI.UN opened at C$21.34 on Wednesday. The corporate has a debt-to-equity ratio of 83.89, a present ratio of 0.53 and a fast ratio of 0.16. The inventory has a 50-day transferring common of C$20.46 and a 200-day transferring common of C$22.74. The corporate has a market cap of C$6.60 billion and a PE ratio of 10.31. RioCan Actual Property Funding Belief has a one 12 months low of C$19.27 and a one 12 months excessive of C$26.11.

Insider Transactions at RioCan Actual Property Funding Belief

In different information, insider Naftali Sturm offered 2,639 shares of the enterprise’s inventory in a transaction that occurred on Thursday, June twenty third. The inventory was offered at a median worth of C$20.18, for a complete worth of C$53,243.94. In different information, insider Naftali Sturm offered 2,639 shares of the enterprise’s inventory in a transaction that occurred on Thursday, June twenty third. The inventory was offered at a median worth of C$20.18, for a complete worth of C$53,243.94. Additionally, Director S. Jane Marshall offered 5,800 shares of the enterprise’s inventory in a transaction that occurred on Friday, June tenth. The inventory was offered at a median worth of C$21.41, for a complete worth of C$124,178.00. Following the completion of the transaction, the director now owns 15,180 shares within the firm, valued at roughly C$325.003.80.

About RioCan Actual Property Funding Belief

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RioCan is certainly one of Canada’s largest actual property funding trusts with a complete enterprise worth of roughly $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, rising mixed-use properties positioned in prime, high-density transit- oriented areas the place Canadians need to store, stay and work.

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Analyst Recommendations for RioCan Real Estate Investment Trust (TSE:REI.UN)

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