RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.50 and traded as high as C$21.31. RioCan Real Estate Investment Trust shares last traded at C$21.29, with a volume of 403,212 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Desjardins increased their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$24.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. TD boosted their price target on shares of RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Scotia upped their price objective on shares of RioCan Real Estate Investment Trust from C$20.50 to C$22.25 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Raymond James Financial increased their price objective on shares of RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, National Bank Financial lifted their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$24.25 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, RioCan Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$23.68.

Read Our Latest Stock Analysis on REI.UN

RioCan Real Estate Investment Trust Stock Performance

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 company has a 50 day simple moving average of C$20.22 and a 200-day simple moving average of C$19.50. The stock has a market capitalization of C$6.20 billion, a P/E ratio of 25.65 and a beta of 0.87.

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported C$0.32 earnings per share for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.The company had revenue of C$322.31 million during the quarter.

RioCan Real Estate Investment Trust Company Profile

(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. Riocan’s tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.

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