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

RioCan Real Estate Investment Trust (TSE:REI.UN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$19.82 and traded as high as C$22.26. RioCan Real Estate Investment Trust shares last traded at C$22.11, with a volume of 851,186 shares.

Wall Street Analysts Forecast Growth

Several brokerages have commented on REI.UN. TD raised their price objective on shares of RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Scotia raised their target price on shares of RioCan Real Estate Investment Trust from C$20.50 to C$22.25 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Raymond James Financial raised their target price on shares of RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Desjardins raised their target price on shares of RioCan Real Estate Investment Trust from C$22.00 to C$24.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their target price 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 research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$23.68.

RioCan Real Estate Investment Trust Stock Up 1.9%

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 company’s fifty day moving average is C$21.05 and its 200-day moving average is C$19.84. The company has a market cap of C$6.56 billion, a PE ratio of 27.16 and a beta of 0.94.

RioCan Real Estate Investment Trust (TSE:REI.UN) last issued its earnings results on Monday, May 4th. The real estate investment trust reported C$0.32 earnings per share (EPS) for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%. The company had revenue of C$322.31 million for 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.