RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.85 and traded as high as C$18.04. RioCan Real Estate Investment Trust shares last traded at C$17.97, with a volume of 390,499 shares trading hands.
Analysts Set New Price Targets
REI.UN has been the subject of a number of research reports. TD Securities cut their price target on shares of RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group dropped their price target on shares of RioCan Real Estate Investment Trust from C$19.50 to C$19.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Scotiabank decreased their price objective on shares of 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. Royal Bank Of Canada decreased their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Finally, CIBC decreased their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, RioCan Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$20.30.
View Our Latest Report on REI.UN
RioCan Real Estate Investment Trust Stock Performance
The stock has a market cap of C$5.33 billion, a P/E ratio of 88.85 and a beta of 1.31. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08. The firm's 50-day moving average price is C$17.53 and its 200-day moving average price is C$17.85.
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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