RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) declared a dividend on Tuesday, May 24th, investing.com reports. Stockholders of record on Monday, May 30th will be paid a dividend of 0.0658 per share on Tuesday, June 7th. This represents a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, May 27th.
Shares of RioCan Real Estate Investment Trust stock opened at $16.38 on Tuesday. RioCan Real Estate Investment Trust has a 52-week low of $15.84 and a 52-week high of $20.63. The company’s 50 day moving average price is $19.05 and its 200-day moving average price is $18.46.
Several research analysts have recently issued reports on the stock. National Bank Financial cut their target price on shares of RioCan Real Estate Investment Trust from C$27.50 to C$27.00 in a report on Thursday, May 12th. Canaccord Genuity Group lowered their price objective on RioCan Real Estate Investment Trust from C$25.25 to C$24.75 in a research report on Wednesday, May 11th. CIBC lifted their price target on RioCan Real Estate Investment Trust from C$25.00 to C$26.50 in a research report on Friday, February 11th. Royal Bank of Canada lowered their price target on RioCan Real Estate Investment Trust from C$27.00 to C$26.00 in a research report on Thursday, May 12th. Finally, Scotiabank reduced their price objective on RioCan Real Estate Investment Trust from C$27.00 to C$26.50 in a report on Thursday, May 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, RioCan Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus target price of $26.22.
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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