RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.89 and traded as high as C$20.63. RioCan Real Estate Investment Trust shares last traded at C$20.59, with a volume of 418,866 shares changing hands.
Analyst Ratings Changes
A number of analysts recently commented on REI.UN shares. Canaccord Genuity Group lifted their price target on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a "buy" rating in a report on Monday, September 16th. TD Securities boosted their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$21.00.
Check Out Our Latest Analysis on REI.UN
RioCan Real Estate Investment Trust Stock Down 0.2 %
The company has a market cap of C$6.17 billion, a P/E ratio of 102.95 and a beta of 1.30. 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 stock has a 50-day moving average of C$18.53 and a two-hundred day moving average of C$17.89.
About RioCan Real Estate Investment Trust
(
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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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