RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• RioCan Real Estate Investment Trust's shares have recently crossed above the 200-day moving average, indicating potential bullish momentum, with shares trading at C$18.46.
• Analysts are optimistic about the stock, with eight rating it as a Buy and a consensus target price of C$20.30, reflecting positive investor sentiment.
• The company has a market cap of C$5.44 billion and a debt-to-equity ratio of 95.37, suggesting it has significant leverage in its capital structure.

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.72 and traded as high as C$18.47. RioCan Real Estate Investment Trust shares last traded at C$18.46, with a volume of 389,352 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. 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 report on Thursday, July 10th. National Bankshares upgraded RioCan Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$18.00 to C$19.00 in a research report on Tuesday, July 15th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, RioCan Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of C$20.30.

RioCan Real Estate Investment Trust Stock Up 1.1%

The company has a market cap of C$5.51 billion, a PE ratio of 19.68 and a beta of 1.06. The stock has a 50-day moving average of C$17.98 and a 200-day moving average of C$17.70. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37.

RioCan Real Estate Investment Trust Company Profile

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.