RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target upped by Raymond James Financial, Inc. from C$27.00 to C$29.00 in a research report report published on Tuesday. They currently have an outperform rating on the real estate investment trust’s stock.
Several other equities analysts also recently commented on REI.UN. CIBC dropped 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. Royal Bank Of Canada dropped their price objective on shares of RioCan Real Estate Investment Trust from C$30.00 to C$29.00 and set an outperform rating for the company in a research note on Monday, May 15th. One analyst has rated the stock with a hold rating and four have assigned 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$28.00.
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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.
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