RioCan Real Estate Investment Trust (TSE:REI.UN – Free Report) had its price target upped by Canaccord Genuity Group from C$20.00 to C$21.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.
Separately, TD Securities increased their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a buy rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$21.00.
Check Out Our Latest Research Report on RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust Trading Up 0.2 %
About RioCan Real Estate Investment Trust
RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.
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