RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.98 and traded as high as C$19.26. RioCan Real Estate Investment Trust shares last traded at C$19.23, with a volume of 663,976 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on REI.UN shares. BMO Capital Markets upgraded RioCan Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and decreased their target price for the company from C$21.00 to C$20.50 in a research report on Wednesday, December 18th. National Bankshares increased their price target on RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an "outperform" rating in a report on Thursday, February 20th. Desjardins cut their price target on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Scotiabank increased their price target on RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Finally, CIBC increased their price target on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$21.75.
View Our Latest Research Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Stock Performance
The firm has a 50 day simple moving average of C$18.75 and a 200-day simple moving average of C$19.01. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The company has a market cap of C$5.77 billion, a price-to-earnings ratio of 96.25 and a beta of 1.31.
Insider Activity
In related news, Director Richard Dansereau bought 4,005 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of C$19.47 per share, for a total transaction of C$77,977.35. Also, Senior Officer Oliver Harrison sold 4,000 shares of RioCan Real Estate Investment Trust stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total value of C$75,804.00. Insiders own 0.31% of the company's stock.
RioCan Real Estate Investment Trust Company Profile
(
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Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused, increasingly mixed-use properties. The REIT's property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada.
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