RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.86 and traded as high as C$18.98. RioCan Real Estate Investment Trust shares last traded at C$18.88, with a volume of 427,089 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on REI.UN shares. National Bankshares lifted their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$22.25 and gave the company an "outperform" rating in a research report on Thursday. Desjardins reduced their price objective on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research report on Thursday. BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and reduced their price target for the stock from C$21.00 to C$20.50 in a research report on Wednesday, December 18th. Scotiabank boosted their price target on shares of RioCan Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a "sector perform" rating in a research report on Thursday. Finally, CIBC boosted their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, RioCan Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of C$21.75.
Check Out Our Latest Stock Analysis on REI.UN
RioCan Real Estate Investment Trust Trading Down 0.7 %
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 stock has a market cap of C$5.82 billion, a price-to-earnings ratio of 97.05 and a beta of 1.31. The company's fifty day moving average price is C$18.50 and its 200-day moving average price is C$18.87.
Insider Activity
In other RioCan Real Estate Investment Trust news, Senior Officer Oliver Harrison sold 4,000 shares of the company'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 value of C$75,804.00. Also, Senior Officer Jennifer Suess sold 2,104 shares of the company'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 value of C$40,018.08. Corporate insiders own 0.31% of the company's stock.
RioCan Real Estate Investment Trust Company Profile
(
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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