RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.76 and traded as high as C$23.23. RioCan Real Estate Investment Trust shares last traded at C$22.98, with a volume of 412,270 shares traded.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Desjardins upped their price target 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 report on Wednesday, May 6th. Scotia lifted their price objective on RioCan Real Estate Investment Trust from C$20.50 to C$22.25 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. BMO Capital Markets boosted their target price on RioCan Real Estate Investment Trust from C$21.00 to C$23.50 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on 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, Raymond James Financial raised their price target on RioCan Real Estate Investment Trust from C$23.25 to C$23.75 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.68.
Check Out Our Latest Research Report on REI.UN
RioCan Real Estate Investment Trust Price Performance
RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported C$0.32 EPS for the quarter. The business had revenue of C$322.31 million for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%.
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.
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