Insider Buying: RioCan Real Estate Investment Trust (TSE:REI.UN) Director Buys C$77,977.35 in Stock

RioCan Real Estate Investment Trust (TSE:REI.UN) Director Richard Dansereau purchased 4,005 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of C$19.47 per share, for a total transaction of C$77,977.35.

RioCan Real Estate Investment Trust Price Performance

REI.UN opened at C$19.41 on Friday. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. RioCan Real Estate Investment Trust has a 52-week low of C$16.26 and a 52-week high of C$20.83. The stock has a market capitalization of C$5.82 billion, a PE ratio of 97.05 and a beta of 1.31. The stock’s 50 day moving average price is C$18.53 and its 200-day moving average price is C$18.88.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Desjardins decreased their price target on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday. Scotiabank lifted their price target on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “sector perform” rating in a research note on Thursday. CIBC boosted 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. National Bankshares boosted their target price on RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets raised RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and reduced their target price for the company from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$21.75.

About RioCan Real Estate Investment Trust

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.