RioCan Real Estate Investment Trust (TSE:REI.UN)‘s stock had its “outperform” rating reiterated by investment analysts at CIBC in a research note issued on Wednesday. They currently have a C$27.00 target price on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on REI.UN. TD Securities cut 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 report on Tuesday, August 8th. Riocan Reit Pref Series C lifted their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$29.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Scotiabank cut their target price 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 report on Thursday, August 10th. Finally, Raymond James Financial, Inc. lifted their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$29.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. RioCan Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus target price of C$28.17.

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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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