Scotiabank Cuts RioCan Real Estate Investment Trust (TSE:REI.UN) Price Target to C$27.00

RioCan Real Estate Investment Trust (TSE:REI.UN) had its price target cut by Scotiabank from C$28.00 to C$27.00 in a report released on Thursday. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada lowered 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 report on Monday, May 15th. CIBC reduced 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, August 8th. Raymond James Financial, Inc. increased 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, August 8th. Finally, TD Securities cut their price target 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, August 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. RioCan Real Estate Investment Trust has a consensus rating of Buy and an average price target of C$28.00.

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About RioCan Real Estate Investment Trust

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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