RioCan Real Estate Investment Trust (TSE:REI.UN) had its price objective cut by investment analysts at TD Securities from C$29.00 to C$28.00 in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. CIBC reduced their target price on shares of RioCan Real Estate Investment Trust from C$29.50 to C$27.00 in a research report on Tuesday. Raymond James Financial, Inc. raised their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reduced their target price on shares of RioCan Real Estate Investment Trust from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. RioCan Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus price target 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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