RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Receives Average Rating of “Buy” from Brokerages
Shares of RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) have received an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation. The average 1-year objective price among brokers that have updated their coverage on the stock in the last year is $26.22.
A number of brokerages have recently commented on RIOCF. BMO Capital Markets raised their price target on RioCan Real Estate Investment Trust from C$25.75 to C$26.50 in a report on Friday, February 25th. National Bank Financial decreased their price target on RioCan Real Estate Investment Trust from C$27.50 to C$27.00 in a research report on Thursday, May 12th. Scotiabank decreased their price objective on RioCan Real Estate Investment Trust from C$27.00 to C$26.50 in a research report on Thursday, May 12th. TD Securities raised their price objective on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 in a research report on Thursday, February 24th. Finally, Canaccord Genuity Group decreased their price objective on RioCan Real Estate Investment Trust from C$25.25 to C$24.75 in a research report on Wednesday, May 11th.
Shares of OTCMKTS RIOCF opened at $16.75 on Friday. RioCan Real Estate Investment Trust has a 1-year low of $15.84 and a 1-year high of $20.63. The business’s fifty day moving average price is $18.27 and its two-hundred day moving average price is $18.41.
The company also recently disclosed a dividend, which was paid on Tuesday, June 7th. Stockholders of record on Monday, May 30th were given a dividend of $0.0658 per share. This represents a dividend yield of 4.82%. The ex-dividend date of this dividend was Friday, May 27th.
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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