RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$21.21 and traded as high as C$21.44. RioCan Real Estate Investment Trust shares last traded at C$21.33, with a volume of 606,669 shares changing hands.
Analyst Ratings Changes
Several equities analysts recently weighed in on REI.UN shares. TD raised their price objective on shares of RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Desjardins boosted their target price on shares of RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. BMO Capital Markets increased their price target on shares of RioCan Real Estate Investment Trust from C$21.00 to C$23.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. National Bank Financial raised their price target on shares of RioCan Real Estate Investment Trust from C$24.00 to C$24.25 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$23.81.
Check Out Our Latest Research Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Stock Performance
RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported C$0.52 EPS for the quarter. The company had revenue of C$304.36 million for the quarter. RioCan Real Estate Investment Trust had a net margin of 4.86% and a return on equity of 0.78%.
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.
Further Reading
- Five stocks we like better than RioCan Real Estate Investment Trust
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for RioCan Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RioCan Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
