RioCan Real Estate Investment Trust (TSE:REI.UN) Share Price Passes Above Two Hundred Day Moving Average of $18.34

RioCan Real Estate Investment Trust (TSE:REI.UNGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.34 and traded as high as C$18.69. RioCan Real Estate Investment Trust shares last traded at C$18.13, with a volume of 1,051,463 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on REI.UN shares. Desjardins set a C$22.00 target price on RioCan Real Estate Investment Trust and gave the stock a “buy” rating in a report on Friday, December 8th. Royal Bank of Canada decreased their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, November 6th. CIBC cut their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Scotiabank decreased their price objective on shares of RioCan Real Estate Investment Trust from C$24.75 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Finally, BMO Capital Markets boosted their target price 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 note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, RioCan Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$21.71.

Check Out Our Latest Analysis on REI.UN

RioCan Real Estate Investment Trust Stock Down 0.7 %

The firm has a 50-day moving average of C$18.52 and a two-hundred day moving average of C$18.33. The firm has a market cap of C$5.45 billion, a price-to-earnings ratio of 139.62 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.

Insiders Place Their Bets

In related news, Director Rocky Kim sold 1,699 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$18.46, for a total transaction of C$31,363.54. In other RioCan Real Estate Investment Trust news, Director Marie Josee Lamothe bought 2,175 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of C$18.35 per share, with a total value of C$39,913.21. Also, Director Rocky Kim sold 1,699 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of C$18.46, for a total value of C$31,363.54. Company insiders own 0.26% 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 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.

Further Reading

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