Insider Buying: RioCan Real Estate Investment Trust (TSE:REI.UN) Director Purchases 4,005 Shares of Stock

RioCan Real Estate Investment Trust (TSE:REI.UN) Director Richard Dansereau purchased 4,005 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of C$19.47 per share, with a total value of C$77,977.35.

RioCan Real Estate Investment Trust Price Performance

Shares of TSE REI.UN traded down C$0.06 during trading hours on Thursday, reaching C$19.49. 259,459 shares of the stock traded hands, compared to its average volume of 590,733. The company has a market capitalization of C$5.85 billion, a P/E ratio of 97.45 and a beta of 1.31. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. 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$18.49 and its two-hundred day simple moving average is C$18.86.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on REI.UN shares. BMO Capital Markets upgraded RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and cut their price target for the stock from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. CIBC raised their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, RioCan Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$21.67.

RioCan Real Estate Investment Trust Company Profile

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada.