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.

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

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