RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.51 and traded as high as C$18.51. RioCan Real Estate Investment Trust shares last traded at C$18.43, with a volume of 743,595 shares trading hands.
Wall Street Analyst Weigh In
REI.UN has been the topic of a number of recent research reports. TD Securities lifted their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a report on Monday, September 30th. BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and lowered their price target for the company from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. Canaccord Genuity Group increased their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. National Bankshares raised 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, CIBC upped their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$21.67.
Read Our Latest Analysis on REI.UN
RioCan Real Estate Investment Trust Trading Up 0.7 %
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 company has a market capitalization of C$5.56 billion, a price-to-earnings ratio of 92.75 and a beta of 1.31. The firm has a fifty day moving average price of C$18.73 and a 200-day moving average price of C$18.51.
Insider Buying and Selling at RioCan Real Estate Investment Trust
In related news, Senior Officer Jennifer Suess sold 2,104 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$19.02, for a total value 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 shares were sold at an average price of C$18.95, for a total transaction of C$75,804.00. Company insiders own 0.31% of the company's stock.
About RioCan Real Estate Investment Trust
(
Get Free Report)
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.
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