RioCan Real Estate Investment Trust (TSE:REI.UN – Free Report) had its price objective decreased by National Bankshares from C$21.00 to C$20.50 in a report published on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the real estate investment trust’s stock.
REI.UN has been the subject of a number of other research reports. BMO Capital Markets raised their price target on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a market perform rating in a report on Friday, February 16th. TD Securities cut their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday. Finally, CIBC cut their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an outperform rating for the company in a report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$21.21.
Check Out Our Latest Stock Analysis on REI.UN
RioCan Real Estate Investment Trust Price Performance
Insider Buying and Selling
In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,671 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$18.66, for a total value of C$31,180.86. 0.26% of the stock is currently owned by corporate insiders.
About RioCan Real Estate Investment Trust
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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