RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Passes Above 200-Day Moving Average of $17.89

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$17.89 and traded as high as C$20.63. RioCan Real Estate Investment Trust shares last traded at C$20.59, with a volume of 418,866 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on REI.UN. TD Securities increased their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Canaccord Genuity Group increased their price target on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, RioCan Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$21.00.

RioCan Real Estate Investment Trust Stock Up 1.0 %

The stock has a 50-day moving average of C$18.53 and a 200-day moving average of C$17.89. 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 firm has a market cap of C$6.19 billion, a price-to-earnings ratio of 102.95 and a beta of 1.30.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada’s largest real estate investment trusts. 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. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.