RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) shares fell 0.5% during trading on Thursday . The company traded as low as $15.13 and last traded at $15.13. 810 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 6,498 shares. The stock had previously closed at $15.21.
Analyst Ratings Changes
A number of brokerages have recently commented on RIOCF. Canaccord Genuity Group upgraded RioCan Real Estate Investment Trust from a "hold" rating to a "buy" rating in a research note on Thursday, August 11th. National Bank Financial dropped their price target on RioCan Real Estate Investment Trust from C$27.00 to C$23.00 in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.72.
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The stock has a fifty day moving average of $15.77 and a two-hundred day moving average of $17.33.
RioCan Real Estate Investment Trust Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, September 8th. Investors of record on Wednesday, August 31st were issued a $0.0658 dividend. This represents a yield of 4.94%. This is an increase from RioCan Real Estate Investment Trust's previous dividend of $0.06. The ex-dividend date was Tuesday, August 30th.About RioCan Real Estate Investment Trust
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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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