RioCan Real Estate Investment Trust (TSE:REI.UN – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.16 and traded as high as C$18.58. RioCan Real Estate Investment Trust shares last traded at C$18.47, with a volume of 1,184,964 shares changing hands.
Analyst Ratings Changes
Several research analysts have recently weighed in on REI.UN shares. BMO Capital Markets upped their price target on shares of RioCan Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Desjardins set a C$22.00 price target on shares of RioCan Real Estate Investment Trust and gave the company a “buy” rating in a report on Friday, December 8th. Finally, CIBC reduced their price target on shares of RioCan Real Estate Investment Trust from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, RioCan Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$21.71.
View Our Latest Stock Report on REI.UN
RioCan Real Estate Investment Trust Trading Up 0.5 %
Insider Transactions at RioCan Real Estate Investment Trust
In other news, Director Rocky Kim sold 1,699 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$18.46, for a total transaction of C$31,363.54. Company insiders own 0.26% of the company’s stock.
RioCan Real Estate Investment Trust Company Profile
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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