Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$28.17.
REI.UN has been the topic of a number of research reports. Royal Bank Of Canada reduced their price target 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. TD Securities cut their price objective on RioCan Real Estate Investment Trust from C$29.00 to C$28.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. CIBC cut their price objective on RioCan Real Estate Investment Trust from C$29.50 to C$27.00 in a research report on Tuesday, August 8th. Scotiabank cut their price objective on RioCan Real Estate Investment Trust from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a research report on Thursday, August 10th. Finally, Riocan Reit Pref Series C raised their price objective on 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 Wednesday.
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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.
