RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.09 and traded as high as C$18.41. RioCan Real Estate Investment Trust shares last traded at C$18.14, with a volume of 1,735,846 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a "market perform" rating in a research note on Friday, February 16th. CIBC reduced their target price 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 research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$21.71.
Check Out Our Latest Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Price Performance
The firm has a market cap of C$5.37 billion, a P/E ratio of 137.38 and a beta of 1.26. The company has a quick ratio of 0.08, a current ratio of 0.31 and a debt-to-equity ratio of 92.72. The stock's 50-day moving average is C$18.25 and its 200-day moving average is C$18.08.
Insider Buying and Selling at RioCan Real Estate Investment Trust
In other RioCan Real Estate Investment Trust news, Director Rocky Kim sold 1,671 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$18.66, for a total value of C$31,180.86. Insiders own 0.26% of the company's stock.
About RioCan Real Estate Investment Trust
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RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work.
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