RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.97 and traded as high as C$19.76. RioCan Real Estate Investment Trust shares last traded at C$19.67, with a volume of 627,264 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Raymond James Financial increased their target price 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 report on Monday, February 23rd. BMO Capital Markets increased their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research report on Wednesday, November 19th. Finally, National Bank Financial raised their target price on RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the company an “outperform” rating in a research report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$21.00.

RioCan Real Estate Investment Trust Trading Up 0.7%

The firm has a fifty day moving average of C$19.52 and a two-hundred day moving average of C$18.99. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. The company has a market cap of C$5.80 billion, a PE ratio of 85.83 and a beta of 1.05.

RioCan Real Estate Investment Trust (TSE:REI.UN) last announced its quarterly 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 firm 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.