RioCan Real Estate Investment Trust (TSE:REI.UN) manager sells C$124,178.00 worth of shares

RioCan Real Estate Investment Trust (TSE:REI.UN – Get a rating) Director S. Jane Marshall sold 5,800 shares of the company in a trade on Friday, June 10. The stock was sold at an average price of CA$21.41, for a total value of CA$124,178.00. Following the completion of the sale, the director now directly owns 15,180 shares of the company, valued at CA$325,003.80.
RioCan Real Estate Investment Trust stock traded at C$0.39 midday Friday, hitting C$21.41. 651,255 shares of the company were traded, against an average volume of 1,032,548. RioCan Real Estate Investment Trust has a 52-week low of C$20.65 and a 52-week high of C$26.11. The stock has a 50-day moving average price of C$23.24 and a 200-day moving average price of C$23.40. The company has a debt ratio of 83.89, a quick ratio of 0.16 and a current ratio of 0.53. The company has a market capitalization of C$6.80 billion and a P/E ratio of 10.36.
Several stock analysts have weighed in on the company recently. BMO Capital Markets raised its price target on RioCan Real Estate Investment Trust from C$25.75 to C$26.50 in a Friday, February 25 research report. National Bankshares cut 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. Canaccord Genuity Group has downgraded RioCan Real Estate Investment Trust to a “hold” rating and has set a price target of C$26.50 for the company. in a Wednesday, April 6 research report. Royal Bank of Canada cut its price target on RioCan Real Estate Investment Trust from C$27.00 to C$26.00 and set an ‘outperform’ rating for the company in a Thursday, May 12 research report . Finally, TD Securities raised its price target on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 and gave the company a “buy” rating in a Thursday 24 research report. february. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, RioCan Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of C$26.06.
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About RioCan Real Estate Investment Trust (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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