RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Passes Above 200-Day Moving Average of $18.09

RioCan Real Estate Investment Trust (TSE:REI.UN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.09 and traded as high as C$18.41. RioCan Real Estate Investment Trust shares last traded at C$18.14, with a volume of 1,735,846 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on REI.UN shares. CIBC dropped their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. BMO Capital Markets lifted their price target on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$21.71.

RioCan Real Estate Investment Trust Trading Down 1.1 %

The firm has a 50-day moving average of C$18.26 and a two-hundred day moving average of C$18.09. The firm has a market capitalization of C$5.45 billion, a P/E ratio of 139.54 and a beta of 1.26. The company has a current ratio of 0.31, a quick ratio of 0.08 and a debt-to-equity ratio of 92.72.

Insider Transactions at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,671 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$18.66, for a total value of C$31,180.86. Company insiders own 0.26% of the company’s stock.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. 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.