RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.67 and traded as high as C$19.00. RioCan Real Estate Investment Trust shares last traded at C$18.95, with a volume of 1,024,318 shares changing hands.
Wall Street Analysts Forecast Growth
REI.UN has been the subject of several research reports. Raymond James Financial set a C$20.50 price objective on RioCan Real Estate Investment Trust and gave the stock an "outperform" rating in a research note on Thursday, July 10th. National Bankshares raised RioCan Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$18.00 to C$19.00 in a report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, RioCan Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$20.22.
Read Our Latest Stock Analysis on REI.UN
RioCan Real Estate Investment Trust Price Performance
The company has a market cap of C$5.59 billion, a PE ratio of 19.95 and a beta of 1.06. The stock has a fifty day moving average price of C$18.31 and a 200-day moving average price of C$17.67. 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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