RioCan Real Estate Investment Trust (TSE:REI.UN) Share Price Passes Above 200 Day Moving Average of $26.02

RioCan Real Estate Investment Trust (TSE:REI.UN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.02 and traded as high as $26.68. RioCan Real Estate Investment Trust shares last traded at $26.68, with a volume of 225,425 shares traded.

A number of equities analysts have issued reports on REI.UN shares. CIBC boosted their price objective on shares of RioCan Real Estate Investment Trust from C$28.00 to C$29.00 in a research report on Tuesday, August 6th. TD Securities lifted their target price on shares of RioCan Real Estate Investment Trust from C$29.00 to C$30.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Raymond James reaffirmed a “market perform” rating on shares of RioCan Real Estate Investment Trust in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$28.00.

The firm has a market capitalization of $8.11 billion and a PE ratio of 14.11. The company has a quick ratio of 0.10, a current ratio of 0.36 and a debt-to-equity ratio of 77.79. The stock’s fifty day simple moving average is C$26.24 and its 200 day simple moving average is C$26.02.

In other RioCan Real Estate Investment Trust news, Senior Officer John Ballantyne sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$26.90, for a total value of C$336,310.00. Following the completion of the transaction, the insider now directly owns 2,500 shares in the company, valued at C$67,262. Also, Director Edward Sonshine sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$26.46, for a total transaction of C$2,646,000.00. Following the completion of the transaction, the director now owns -2,820 shares of the company’s stock, valued at C($74,617.20). Over the last ninety days, insiders have acquired 3,859 shares of company stock valued at $102,346 and have sold 187,600 shares valued at $4,985,598.

RioCan Real Estate Investment Trust Company Profile (TSE:REI.UN)

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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