RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• RioCan Real Estate Investment Trust's stock price has recently surpassed its 200-day moving average, indicating a possible positive trend, with shares last trading at C$18.94.
• Analysts have shown optimistic outlooks, with a consensus rating of "Moderate Buy" and an average price target of C$20.30, including upgrades from National Bankshares and Raymond James.
• The company has a market capitalization of C$5.59 billion, with key financial metrics including a debt-to-equity ratio of 95.37 and a PE ratio of 19.94.

RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.69 and traded as high as C$19.10. RioCan Real Estate Investment Trust shares last traded at C$18.94, with a volume of 467,568 shares traded.

Wall Street Analyst Weigh In

REI.UN has been the subject of several research analyst reports. National Bankshares upgraded RioCan Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$18.00 to C$19.00 in a report on Tuesday, July 15th. 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 report on Thursday, July 10th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$20.30.

RioCan Real Estate Investment Trust Trading Up 0.3%

The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The stock has a market capitalization of C$5.59 billion, a PE ratio of 19.94 and a beta of 1.06. The stock has a 50-day moving average price of C$18.03 and a two-hundred day moving average price of C$17.69.

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.

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