RioCan Real Estate Investment Trust (IS:REI.UN – Get a rating) insider Naftali Sturm sold 2,639 shares of the company in a trade dated Thursday, June 23. The stock was sold at an average price of C$20.18, for a total value of C$53,243.94.

Shares of REI.UN opened at C$20.39 on Friday. The stock has a 50-day simple moving average of C$22.30 and a 200-day simple moving average of C$23.28. The company has a debt ratio of 83.89, a quick ratio of 0.16 and a current ratio of 0.53. The stock has a market capitalization of C$6.48 billion and a PE ratio of 9.86. RioCan Real Estate Investment Trust has a 1-year low of C$19.41 and a 1-year high of C$26.11.

Several equity analysts weighed in on REI.UN shares. Canaccord Genuity Group downgraded RioCan Real Estate Investment Trust to “hold” and set a target price of C$26.50 for the company. in a Wednesday, April 6 research report. National Bankshares lowered its price target on RioCan Real Estate Investment Trust from C$27.50 to C$27.00 and set an “outperform” rating for the company in a Thursday, May 12 research report. Finally, Royal Bank of Canada lowered its target price on RioCan Real Estate Investment Trust from CA$27.00 to CA$26.00 and set an “outperform” rating for the company in a Thursday 12 research report. may. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$26.06.

RioCan Real Estate Investment Trust Company Profile (Get a rating)

RioCan is one of Canada’s largest real estate investment trusts, with a total enterprise value of approximately $13.2 billion as of December 31, 2018. RioCan owns, manages and develops retail-focused properties and increasingly mixed-use properties located in prime, high-density transit neighborhoods. oriented sectors where Canadians want to shop, live and work.

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