RioCan Real Estate Investment Trust (TSE:REI.UN) Share Price Passes Above 200-Day Moving Average – What’s Next?

RioCan Real Estate Investment Trust (TSE:REI.UN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.09 and traded as high as C$19.18. RioCan Real Estate Investment Trust shares last traded at C$18.93, with a volume of 877,561 shares trading hands.

Analyst Upgrades and Downgrades

REI.UN has been the subject of a number of research analyst reports. Raymond James Financial upped their price objective on shares of RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Royal Bank Of Canada boosted their target price on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, National Bank Financial upped their price target on shares of RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$21.00.

RioCan Real Estate Investment Trust Price Performance

The company has a 50-day moving average of C$19.53 and a 200 day moving average of C$19.09. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. The stock has a market capitalization of C$5.55 billion, a PE ratio of 82.13 and a beta of 0.90.

RioCan Real Estate Investment Trust (TSE:REI.UN) last announced its earnings results on Tuesday, February 17th. The real estate investment trust reported C$0.43 earnings per share (EPS) for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%. The company had revenue of C$347.92 million for the quarter.

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. 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.