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RioCan Real Estate Investment Trust (TSE:REI.UN) announced a dividend on Thursday, May 15th, reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.1081 per share on Friday, June 6th. The ex-dividend date is Wednesday, May 28th.

On the ratings front, analysts at Raymond James reiterated an “outperform” rating on shares of RioCan Real Estate Investment Trust in a research note on Thursday, May 15th. They now have a C$29.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$28.88.

RioCan Real Estate Investment Trust (TSE:REI) is a closed-end real estate investment trust (REIT).

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