RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) was upgraded by stock analysts at Canaccord Genuity Group from a "hold" rating to a "buy" rating in a report issued on Thursday, The Fly reports.

RIOCF has been the topic of several other reports. Scotiabank decreased their price objective on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.50 in a report on Thursday, May 12th. National Bank Financial reduced their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$23.00 in a report on Wednesday, July 20th. Finally, Royal Bank of Canada dropped their price objective on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.00 in a research report on Thursday, May 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.72.

RioCan Real Estate Investment Trust Stock Performance

OTCMKTS RIOCF opened at $16.79 on Thursday. The company has a fifty day moving average of $15.86 and a 200 day moving average of $17.82. RioCan Real Estate Investment Trust has a 1 year low of $14.68 and a 1 year high of $20.63.

RioCan Real Estate Investment Trust Company Profile

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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