Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received a consensus rating of “Buy” from the six analysts that are covering the company. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$29.60.

REI.UN has been the subject of a number of research reports. TD Securities restated a “buy” rating and issued a C$30.00 target price on shares of RioCan Real Estate Investment Trust in a research note on Friday, February 17th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$29.00 target price on shares of RioCan Real Estate Investment Trust in a research note on Tuesday, February 21st. Royal Bank of Canada restated an “outperform” rating and issued a C$30.00 target price on shares of RioCan Real Estate Investment Trust in a research note on Tuesday, February 21st. Finally, Scotiabank restated a “sector perform” rating and issued a C$29.50 target price on shares of RioCan Real Estate Investment Trust in a research note on Thursday, March 2nd.

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RioCan Real Estate Investment Trust Company Profile

RioCan Real Estate Investment Trust (RioCan) is a Canada-based unincorporated closed-end real estate investment trust. The Trust owns and manages Canada’s portfolio of shopping centers with ownership interests in a portfolio of approximately 300 retail and mixed use properties, including approximately 15 properties under development, containing an aggregate net leasable area (NLA) of approximately 46,973,000 square feet.

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