RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.83 and traded as high as C$17.97. RioCan Real Estate Investment Trust shares last traded at C$17.90, with a volume of 374,773 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on REI.UN shares. Scotiabank lowered their price target on RioCan Real Estate Investment Trust from C$21.50 to C$20.50 and set a "sector perform" rating for the company in a report on Wednesday, May 7th. Canaccord Genuity Group cut their price target on RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial set a C$20.50 price objective on shares of RioCan Real Estate Investment Trust and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Desjardins reduced their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, CIBC dropped their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, RioCan Real Estate Investment Trust presently has an average rating of "Moderate Buy" and an average price target of C$20.30.
Check Out Our Latest Stock Analysis on REI.UN
RioCan Real Estate Investment Trust Stock Down 0.6%
The firm has a market cap of C$5.34 billion, a price-to-earnings ratio of 89.00 and a beta of 1.31. The business has a fifty day simple moving average of C$17.58 and a 200 day simple moving average of C$17.83. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08.
About RioCan Real Estate Investment Trust
(
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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