RioCan Real Estate Investment Trust (TSE:REI.UN) Stock Price Crosses Above 200-Day Moving Average of $26.71

RioCan Real Estate Investment Trust (TSE:REI.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.71 and traded as high as $27.76. RioCan Real Estate Investment Trust shares last traded at $27.67, with a volume of 566,894 shares.

Several equities analysts recently weighed in on REI.UN shares. National Bank Financial set a C$30.00 price target on RioCan Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Tuesday, October 29th. BMO Capital Markets increased their price target on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 in a research report on Thursday, November 7th. Raymond James set a C$27.50 price target on RioCan Real Estate Investment Trust and gave the stock a “market perform” rating in a research report on Thursday, November 7th. CIBC raised their price objective on RioCan Real Estate Investment Trust from C$29.00 to C$29.50 in a report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on RioCan Real Estate Investment Trust from C$27.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Monday, November 11th.

The company has a quick ratio of 0.15, a current ratio of 0.45 and a debt-to-equity ratio of 83.19. The company has a market capitalization of $8.78 billion and a price-to-earnings ratio of 10.92. The stock’s 50-day simple moving average is C$27.16 and its two-hundred day simple moving average is C$26.72.

About RioCan Real Estate Investment Trust (TSE:REI.UN)

RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work.

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