RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.75 and traded as high as C$18.75. RioCan Real Estate Investment Trust shares last traded at C$18.65, with a volume of 633,344 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. CIBC boosted their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. National Bankshares boosted their price objective on RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets upgraded RioCan Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and dropped their target price for the company from C$21.00 to C$20.50 in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$21.67.
Check Out Our Latest Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Trading Up 0.1 %
The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The firm has a 50-day moving average of C$18.50 and a 200-day moving average of C$18.75. The firm has a market capitalization of C$5.57 billion, a P/E ratio of 92.90 and a beta of 1.31.
Insider Activity at RioCan Real Estate Investment Trust
In related news, Senior Officer Jennifer Suess sold 2,104 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$19.02, for a total transaction of C$40,018.08. Also, Senior Officer Oliver Harrison sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$18.95, for a total transaction of C$75,804.00. 0.31% of the stock is owned by insiders.
About RioCan Real Estate Investment Trust
(
Get Free Report)
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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