RioCan Real Estate Investment Trust (TSE:REI) Cut to Hold at National Bank Financial

National Bank Financial lowered shares of RioCan Real Estate Investment Trust (TSE:REI) from a strong-buy rating to a hold rating in a research note published on Sunday,Zacks.com reports. National Bank Financial also issued estimates for RioCan Real Estate Investment Trust’s Q1 2025 earnings at $0.42 EPS, FY2025 earnings at $1.73 EPS and FY2026 earnings at $1.80 EPS.

Several other research firms have also weighed in on REI. BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group lowered RioCan Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust has a fifty-two week low of C$10.88 and a fifty-two week high of C$17.17.

About RioCan Real Estate Investment Trust

Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company’s proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.