Raymond James reissued their market carry out ranking on shares of RioCan Realty Investment Trust (TSE: REI.UN) in a research study note launched on Wednesday, BayStreet.CA reports.
Numerous other equities analysts have actually also recently released reports on the company. TD Securities raised their cost target on RioCan Realty Financial Investment Trust from C$ 29.00 to C$ 30.00 and provided the business a buy score in a research study report on Tuesday, August sixth. CIBC raised their cost target on RioCan Realty Investment Trust from C$ 28.00 to C$ 29.00 in a research report on Tuesday, August sixth. 2 equities research study analysts have rated the stock with a hold rating and 3 have designated a buy ranking to the stock. The stock presently has a consensus rating of Buy and a consensus target cost of C$ 28.00.
Shares of REI.UN stock opened at C$ 26.27 on Wednesday. RioCan Property Investment Trust has a 1 year low of C$ 23.37 and a 1 year high of C$ 27.08. The company has a market cap of $7.99 billion and a PE ratio of 13.91. The firm’s fifty day moving average cost is C$ 26.26. The company has a current ratio of 0.36, a fast ratio of 0.10 and a debt-to-equity ratio of 77.79.
In other news, Director Edward Sonshine offered 100,000 shares of the company’s stock in a deal on Tuesday, May 21st. The stock was cost an average price of C$ 26.46, for a total deal of C$ 2,646,000.00. Following the completion of the sale, the director now straight owns -2,820 shares of the business’s stock, valued at approximately C($74,617.20). Senior Officer Jonathan Gitlin got 1,980 shares of RioCan Real Estate Financial investment Trust stock in a deal dated Friday, June 21st. The shares were purchased a typical cost of C$ 26.67 per share, with an overall worth of C$ 52,806.60. Following the completion of the purchase, the expert now owns 26,563 shares in the business, valued at C$ 708,435.21. Over the last three months, insiders have offered 239,500 shares of company stock valued at $6,350,227.
RioCan Property Financial Investment Trust Company Profile
RioCan is among Canada’s largest realty financial investment trusts with a total enterprise worth of approximately $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, significantly mixed-use residential or commercial properties located in prime, high-density transit-oriented locations where Canadians wish to shop, live and work.
This content was originally published here.