RioCan Real Estate Investment Trust (TSE:REI.UN) Given New C$27.00 Price Target at CIBC
RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target cut by analysts at CIBC from C$29.50 to C$27.00 in a research note issued on Tuesday.
Separately, Royal Bank Of Canada reduced their price target 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. RioCan Real Estate Investment Trust presently has a consensus rating of “Buy” and an average target price of C$28.50.
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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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