Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$29.60.

Separately, Royal Bank of Canada cut their price objective on RioCan Real Estate Investment Trust from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Monday, May 15th.

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About RioCan Real Estate Investment Trust

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.

Analyst Recommendations for RioCan Real Estate Investment Trust (TSE:REI.UN)

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