Insider Buying: RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Acquires 1,379 Shares of Stock

RioCan Real Estate Investment Trust (TSE:REI.UN) Senior Officer Jonathan Gitlin purchased 1,379 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of C$26.33 per share, for a total transaction of C$36,309.07. Following the acquisition, the insider now owns 27,942 shares of the company’s stock, valued at approximately C$735,712.86.

Jonathan Gitlin also recently made the following trade(s):

  • On Friday, June 21st, Jonathan Gitlin purchased 1,980 shares of RioCan Real Estate Investment Trust stock. The shares were acquired at an average price of C$26.67 per share, for a total transaction of C$52,806.60.
  • On Wednesday, May 29th, Jonathan Gitlin bought 500 shares of RioCan Real Estate Investment Trust stock. The stock was purchased at an average price of C$26.46 per share, for a total transaction of C$13,230.00.
  • On Wednesday, May 15th, Jonathan Gitlin sold 52,000 shares of RioCan Real Estate Investment Trust stock. The shares were sold at an average price of C$26.29, for a total transaction of C$1,367,262.00.

Shares of TSE REI.UN traded up C$0.04 during trading on Monday, hitting C$26.31. 502,338 shares of the company traded hands, compared to its average volume of 861,509. The company has a debt-to-equity ratio of 77.79, a current ratio of 0.36 and a quick ratio of 0.10. The firm has a fifty day moving average of C$26.26. The firm has a market cap of $8.00 billion and a price-to-earnings ratio of 13.93. RioCan Real Estate Investment Trust has a fifty-two week low of C$23.37 and a fifty-two week high of C$27.08.

REI.UN has been the topic of several recent analyst reports. TD Securities boosted their target price on shares of RioCan Real Estate Investment Trust from C$29.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Raymond James restated a “market perform” rating on shares of RioCan Real Estate Investment Trust in a report on Wednesday, August 7th. Finally, CIBC boosted their target price on shares of RioCan Real Estate Investment Trust from C$28.00 to C$29.00 in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$28.00.

RioCan Real Estate Investment Trust Company Profile

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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Insider Buying and Selling by Quarter for RioCan Real Estate Investment Trust (TSE:REI.UN)

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