RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) shares 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 traded.
Analyst Upgrades and Downgrades
REI.UN has been the topic of a number of recent research reports. CIBC dropped their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. TD Securities dropped their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. BMO Capital Markets decreased their price target on RioCan Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. Scotiabank dropped their price target on RioCan Real Estate Investment Trust from C$21.50 to C$20.50 and set a "sector perform" rating on the stock in a research note on Wednesday, May 7th. Finally, Desjardins cut their price objective on shares of RioCan Real Estate Investment Trust from C$22.00 to C$20.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$20.30.
Get Our Latest Analysis on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Price Performance
The company has a market capitalization of C$5.33 billion, a price-to-earnings ratio of 88.85 and a beta of 1.31. The stock has a fifty day simple moving average of C$17.54 and a 200-day simple moving average of C$17.84. 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
(
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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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