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

Several other equities analysts also recently commented on the company. Raymond James Financial, Inc. upped their target price on RioCan Real Estate Investment Trust from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Scotiabank dropped their price target 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 report on Thursday, August 10th. TD Securities dropped their price target on RioCan Real Estate Investment Trust from C$29.00 to C$28.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Finally, Riocan Reit Pref Series C boosted their price target on RioCan Real Estate Investment Trust from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. RioCan Real Estate Investment Trust presently has an average rating of “Buy” and an average price target 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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