Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have received an average rating of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$28.17.

REI.UN has been the topic of several recent analyst reports. TD Securities lowered their price objective on shares of RioCan Real Estate Investment Trust from C$29.00 to C$28.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Royal Bank Of Canada lowered their price objective 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 note on Monday, May 15th. CIBC lowered their price objective on shares of RioCan Real Estate Investment Trust from C$29.50 to C$27.00 in a research note on Tuesday, August 8th. Scotiabank lowered their price objective on shares of RioCan Real Estate Investment Trust from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 10th. Finally, Riocan Reit Pref Series C boosted their price objective 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 note on Wednesday, August 16th.

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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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