RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) PT Lowered to C$26.00 at Royal Bank of Canada

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) had its target price decreased by research analysts at Royal Bank of Canada from C$27.00 to C$26.00 in a research report issued to clients and investors on Thursday, The Fly reports.

RIOCF has been the topic of a number of other research reports. CIBC lifted their price target on RioCan Real Estate Investment Trust from C$25.00 to C$26.50 in a report on Friday, February 11th. TD Securities boosted their target price on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 in a research note on Thursday, February 24th. Canaccord Genuity Group lowered their target price on RioCan Real Estate Investment Trust from C$25.25 to C$24.75 in a research note on Wednesday. National Bank Financial lowered their target price on RioCan Real Estate Investment Trust from C$28.00 to C$27.50 in a research note on Wednesday, April 27th. Finally, Scotiabank lowered their target price on RioCan Real Estate Investment Trust from C$27.00 to C$26.50 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $26.22.

Shares of RIOCF stock opened at $17.01 on Thursday. RioCan Real Estate Investment Trust has a 1-year low of $15.84 and a 1-year high of $20.63. The stock’s fifty day simple moving average is $19.36 and its 200-day simple moving average is $18.50.

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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