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

RioCan Real Estate Investment Trust (TSE:REI.UN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.02 and traded as high as C$21.98. RioCan Real Estate Investment Trust shares last traded at C$21.95, with a volume of 739,947 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Desjardins boosted their price objective on RioCan Real Estate Investment Trust from C$22.00 to C$24.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. BMO Capital Markets increased their target price on RioCan Real Estate Investment Trust from C$21.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. National Bank Financial raised their target price on RioCan Real Estate Investment Trust from C$24.00 to C$24.25 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Scotia upped their price target on shares of RioCan Real Estate Investment Trust from C$20.50 to C$22.25 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, RioCan Real Estate Investment Trust has an average rating of “Moderate Buy” and an average price target of C$23.68.

RioCan Real Estate Investment Trust Stock Performance

The stock has a fifty day moving average price of C$22.60 and a two-hundred day moving average price of C$21.02. The company has a market cap of C$6.39 billion, a P/E ratio of 26.45 and a beta of 0.95. The company has a debt-to-equity ratio of 95.37, a current ratio of 0.30 and a quick ratio of 0.08.

RioCan Real Estate Investment Trust (TSE:REI.UN) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported C$0.52 earnings per share (EPS) for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.The business had revenue of C$304.36 million during the quarter.

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.