RioCan Real Estate Investment Trust Announces Dividend of $0.07 (OTCMKTS:RIOCF)
RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) announced a dividend on Wednesday, June 22nd, investing.com reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.0657 per share on Friday, July 8th. This represents a yield of 5%. The ex-dividend date is Wednesday, June 29th.
Shares of RioCan Real Estate Investment Trust stock opened at $15.75 on Wednesday. The business’s fifty day moving average price is $17.74 and its two-hundred day moving average price is $18.36. RioCan Real Estate Investment Trust has a 1-year low of $14.81 and a 1-year high of $20.63.
RIOCF has been the topic of several recent analyst reports. National Bank Financial cut their target price on RioCan Real Estate Investment Trust from C$27.50 to C$27.00 in a research note on Thursday, May 12th. Canaccord Genuity Group lowered their price target on RioCan Real Estate Investment Trust from C$25.25 to C$24.75 in a research report on Wednesday, May 11th. BMO Capital Markets lifted their price target on RioCan Real Estate Investment Trust from C$25.75 to C$26.50 in a research report on Friday, February 25th. Royal Bank of Canada lowered their price target on RioCan Real Estate Investment Trust from C$27.00 to C$26.00 in a research report on Thursday, May 12th. Finally, TD Securities lifted their price target on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 in a research report on Thursday, February 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, RioCan Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $26.22.
About RioCan Real Estate Investment Trust (Get Rating)
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 September 30, 2020, our portfolio is comprised of 221 properties with an aggregate net leasable area of approximately 38.4 million square feet (at RioCan’s interest) including office, residential rental and 16 development properties.
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