RioCan Real Estate Investment Trust (TSE:REI.UN) has been assigned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$28.17.

Several research analysts recently commented on REI.UN shares. TD Securities lowered their target price 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 note on Tuesday, August 8th. Riocan Reit Pref Series C upped 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, August 16th. Scotiabank lowered 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. Raymond James Financial, Inc. upped 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 Tuesday, August 8th. Finally, CIBC reissued an “outperform” rating and issued a C$27.00 target price on shares of RioCan Real Estate Investment Trust in a report on Wednesday.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/05/riocan-real-estate-investment-trust-rei-un-given-average-recommendation-of-buy-by-analysts.html.

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)

Receive News & Ratings for RioCan Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RioCan Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.