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

RioCan Real Estate Investment Trust (TSE:REI.UN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.75 and traded as high as C$18.75. RioCan Real Estate Investment Trust shares last traded at C$18.65, with a volume of 633,344 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on REI.UN shares. BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. CIBC increased their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. Finally, National Bankshares boosted their target price on shares of RioCan Real Estate Investment Trust from C$20.00 to C$23.00 in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, RioCan Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average target price of C$21.67.

RioCan Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The firm has a market capitalization of C$5.54 billion, a price-to-earnings ratio of 92.40 and a beta of 1.31. The company has a 50-day moving average of C$18.49 and a 200-day moving average of C$18.76.

Insider Activity at RioCan Real Estate Investment Trust

In other news, Senior Officer Jennifer Suess sold 2,104 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$19.02, for a total transaction of C$40,018.08. Also, Senior Officer Oliver Harrison sold 4,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$18.95, for a total transaction of C$75,804.00. 0.31% of the stock is owned by insiders.

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.