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RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$16.32 and last traded at C$16.37, with a volume of 260410 shares traded. The stock had previously closed at C$16.47.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on REI.UN shares. Scotiabank cut shares of RioCan Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$22.50 to C$20.50 in a research report on Tuesday, May 14th. TD Securities dropped their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 in a report on Wednesday, April 24th. Finally, National Bankshares cut their price target on RioCan Real Estate Investment Trust from C$21.00 to C$20.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, RioCan Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.86.
Check Out Our Latest Research Report on REI.UN
RioCan Real Estate Investment Trust Price Performance
The business has a 50 day moving average price of C$17.36 and a two-hundred day moving average price of C$18.02. The company has a debt-to-equity ratio of 93.99, a quick ratio of 0.08 and a current ratio of 0.26. The stock has a market cap of C$4.92 billion, a PE ratio of 96.35 and a beta of 1.28.
About RioCan Real Estate Investment Trust
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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