RioCan Real Estate Investment Trust (TSE:REI.UN) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

RioCan Real Estate Investment Trust (TSE:REI.UN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.75 and traded as high as C$18.75. RioCan Real Estate Investment Trust shares last traded at C$18.65, with a volume of 633,344 shares trading hands.

Analysts Set New Price Targets

REI.UN has been the topic of several research analyst reports. CIBC upped their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, November 13th. BMO Capital Markets raised shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from C$21.00 to C$20.50 in a research report on Wednesday, December 18th. Finally, National Bankshares lifted their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, RioCan Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of C$21.67.

RioCan Real Estate Investment Trust Trading Up 1.9 %

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’s 50 day moving average price is C$18.50 and its 200 day moving average price is C$18.75. The stock has a market capitalization of C$5.59 billion, a P/E ratio of 93.25 and a beta of 1.31.

Insider Buying and Selling at RioCan Real Estate Investment Trust

In other RioCan Real Estate Investment Trust news, Senior Officer Jennifer Suess sold 2,104 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$19.02, for a total transaction of C$40,018.08. Also, Senior Officer Oliver Harrison sold 4,000 shares of RioCan Real Estate Investment Trust stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$18.95, for a total value of C$75,804.00. Insiders own 0.31% of the company’s stock.

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.