RioCan Real Estate Investment Trust (TSE:REI.UN) had its price objective hoisted by analysts at Raymond James Financial, Inc. from C$27.00 to C$29.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on REI.UN. Royal Bank Of Canada lowered their target price on shares of RioCan Real Estate Investment Trust from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Monday, May 15th. CIBC lowered their target price on shares of RioCan Real Estate Investment Trust from C$29.50 to C$27.00 in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$28.50.

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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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