Shares of RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) have earned a consensus rating of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $25.86.
RIOCF has been the topic of a number of research reports. National Bank Financial decreased their price target on shares of RioCan Real Estate Investment Trust from C$27.00 to C$23.00 in a research note on Wednesday, July 20th. Canaccord Genuity Group raised shares of RioCan Real Estate Investment Trust from a "hold" rating to a "buy" rating in a research note on Thursday, August 11th. Scotiabank decreased their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.50 in a research note on Thursday, May 12th. Finally, Royal Bank of Canada decreased their target price on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.00 in a research note on Thursday, May 12th.
Get RioCan Real Estate Investment Trust alerts:RioCan Real Estate Investment Trust Stock Down 2.4 %
Shares of RioCan Real Estate Investment Trust stock opened at $15.81 on Thursday. RioCan Real Estate Investment Trust has a twelve month low of $14.68 and a twelve month high of $20.63. The firm's 50-day moving average price is $15.82 and its 200 day moving average price is $17.73.
RioCan Real Estate Investment Trust Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, September 8th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.0658 per share. This is a boost from RioCan Real Estate Investment Trust's previous dividend of $0.06. This represents a dividend yield of 4.94%. The ex-dividend date of this dividend is Tuesday, August 30th.RioCan Real Estate Investment Trust Company Profile
(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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