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.
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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