RioCan Real Estate Investment Trust (TSE:REI.UN) Share Price Passes Above 200 Day Moving Average – Time to Sell?

RioCan Real Estate Investment Trust (TSE:REI.UN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.72 and traded as high as C$19.63. RioCan Real Estate Investment Trust shares last traded at C$19.34, with a volume of 594,179 shares changing hands.

Wall Street Analyst Weigh In

REI.UN has been the topic of several analyst reports. National Bankshares boosted their target price on RioCan Real Estate Investment Trust from C$19.75 to C$21.50 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. BMO Capital Markets raised their price objective on shares of RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research note on Wednesday, November 19th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$20.61.

RioCan Real Estate Investment Trust Stock Performance

The company has a market cap of C$5.71 billion, a P/E ratio of 87.91 and a beta of 1.05. The company has a quick ratio of 0.08, a current ratio of 0.30 and a debt-to-equity ratio of 95.37. The business has a fifty day simple moving average of C$19.00 and a two-hundred day simple moving average of C$18.72.

RioCan Real Estate Investment Trust (TSE:REI.UN) last issued its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported C($0.41) earnings per share for the quarter. The business had revenue of C$371.17 million during the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.

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.