Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.19 and traded as high as C$19.02. RioCan Real Estate Investment Trust shares last traded at C$18.97, with a volume of 304,467 shares traded.
Analysts Set New Price Targets
Several brokerages recently weighed in on REI.UN. Canaccord Genuity Group boosted their price target 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 report on Monday, September 16th. BMO Capital Markets upped their price objective on RioCan Real Estate Investment Trust from C$19.00 to C$20.50 in a research report on Monday, October 28th. TD Securities increased their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$23.00 in a research note on Monday, September 30th. Finally, National Bankshares lifted their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$21.63.
View Our Latest Report on REI.UN
RioCan Real Estate Investment Trust Price Performance
The company has a fifty day moving average of C$19.66 and a 200-day moving average of C$18.19. The stock has a market cap of C$5.71 billion, a PE ratio of 94.85 and a beta of 1.31. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37.
RioCan Real Estate Investment Trust Company Profile
(
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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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