RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target dropped by equities researchers at Scotiabank from C$28.00 to C$27.00 in a research note issued to investors on Thursday. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on REI.UN. Raymond James Financial, Inc. upped 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 note on Tuesday. CIBC lowered their target price on shares of RioCan Real Estate Investment Trust from C$29.50 to C$27.00 in a research note on Tuesday. TD Securities lowered their target price on shares of 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. Finally, Royal Bank Of Canada lowered their target price 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$28.00.

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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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