John Ballantyne Buys 4,900 Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) Stock

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Rating) Senior Officer John Ballantyne bought 4,900 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was purchased at an average price of C$20.47 per share, for a total transaction of C$100,278.50. Following the completion of the acquisition, the insider now owns 68,992 shares in the company, valued at C$1,411,921.28.

Shares of REI.UN traded down C$0.17 during trading hours on Wednesday, reaching C$20.23. 1,206,712 shares of the company traded hands, compared to its average volume of 1,039,289. The stock’s fifty day moving average price is C$22.57 and its 200 day moving average price is C$23.32. The firm has a market cap of C$6.43 billion and a price-to-earnings ratio of 9.79. RioCan Real Estate Investment Trust has a 12-month low of C$19.41 and a 12-month high of C$26.11. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 83.89.

Several analysts have recently commented on REI.UN shares. TD Securities increased their price objective on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Thursday, February 24th. National Bankshares cut their price objective on shares of RioCan Real Estate Investment Trust from C$27.50 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 12th. Royal Bank of Canada reduced their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, May 12th. Canaccord Genuity Group lowered shares of RioCan Real Estate Investment Trust to a “hold” rating and set a C$26.50 price target on the stock. in a research report on Wednesday, April 6th. Finally, BMO Capital Markets upped their price objective on shares of RioCan Real Estate Investment Trust from C$25.75 to C$26.50 in a research report on Friday, February 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$26.06.

RioCan Real Estate Investment Trust Company Profile (Get Rating)

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

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