RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

RioCan Real Estate Investment Trust (TSE:REI.UN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.86 and traded as high as C$19.90. RioCan Real Estate Investment Trust shares last traded at C$19.71, with a volume of 1,056,412 shares trading hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets increased their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a report on Wednesday, November 19th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, RioCan Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$20.61.

RioCan Real Estate Investment Trust Stock Down 1.3%

The company has a market capitalization of C$5.81 billion, a P/E ratio of 89.59 and a beta of 1.05. 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 company has a 50 day moving average of C$19.27 and a 200-day moving average of C$18.86.

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.