RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

RioCan Real Estate Investment Trust (TSE:REI.UN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.06 and traded as high as C$19.62. RioCan Real Estate Investment Trust shares last traded at C$19.48, with a volume of 626,269 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. National Bank Financial boosted their price objective on shares of RioCan Real Estate Investment Trust from C$22.50 to C$22.75 and gave the company an “outperform” rating in a research report on Friday, February 20th. Raymond James Financial raised their target price on shares of RioCan Real Estate Investment Trust from C$21.50 to C$21.75 and gave the stock an “outperform” rating in a report on Monday, February 23rd. BMO Capital Markets lifted their target price on RioCan Real Estate Investment Trust from C$20.00 to C$21.00 in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada upped their target price on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, RioCan Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$21.00.

RioCan Real Estate Investment Trust Stock Up 1.6%

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 firm’s 50-day moving average price is C$19.60 and its 200 day moving average price is C$19.06. The firm has a market cap of C$5.72 billion, a P/E ratio of 84.70 and a beta of 0.90.

RioCan Real Estate Investment Trust (TSE:REI.UN) last issued its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported C$0.43 earnings per share for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%. The firm had revenue of C$347.92 million for the quarter.

About RioCan Real Estate Investment Trust

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.