Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$28.17.

Several brokerages have recently weighed in on REI.UN. CIBC reiterated an “outperform” rating and set a C$27.00 target price on shares of RioCan Real Estate Investment Trust in a research report on Wednesday, October 4th. 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 research report on Wednesday, August 16th. Scotiabank decreased 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 research report on Thursday, August 10th. TD Securities decreased their target price 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 report on Tuesday, August 8th. 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 research report on Tuesday, August 8th.

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Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) opened at C$25.46 on Friday. RioCan Real Estate Investment Trust has a 12-month low of C$23.46 and a 12-month high of C$27.25.

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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