Insider Selling: RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Sells C$19,350.00 in Stock

RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Kim Lee sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$19.35, for a total value of C$19,350.00.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust stock opened at C$19.86 on Thursday. The firm has a market capitalization of C$5.97 billion, a PE ratio of 99.30 and a beta of 1.30. RioCan Real Estate Investment Trust has a one year low of C$16.26 and a one year high of C$19.93. The stock’s 50 day moving average price is C$18.00 and its 200 day moving average price is C$17.77. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.00.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada’s largest real estate investment trusts. 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. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.