RioCan Real Estate Investment Trust (REI.UN) Price Target Cut to C$28.00

RioCan Real Estate Investment Trust (TSE:REI.UN) had its target price decreased by TD Securities from C$29.00 to C$28.00 in a research note released on Tuesday, August 8th. TD Securities currently has a buy rating on the real estate investment trust’s stock.

Several other analysts have also commented on REI.UN. Raymond James Financial, Inc. 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 Tuesday, August 8th. CIBC decreased their price target on RioCan Real Estate Investment Trust from C$29.50 to C$27.00 in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada decreased their price target on RioCan Real Estate Investment Trust from C$30.00 to C$29.00 and set an outperform rating on the stock in a research note on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price 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.

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