RioCan Real Estate Investment Trust (REI.UN) Receives Consensus Recommendation of “Buy” from Analysts
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.
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