RioCan Real Estate Investment Trust (TSE:REI) Cut to Hold at Scotiabank

Scotiabank lowered shares of RioCan Real Estate Investment Trust (TSE:REIFree Report) from a strong-buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust has a 1-year low of C$10.88 and a 1-year high of C$17.17.

RioCan Real Estate Investment Trust (TSE:REIGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C($0.39) EPS for the quarter, missing the consensus estimate of C$0.44 by C($0.83). The company had revenue of C$296.91 million for the quarter.

RioCan Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.093 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Monday, April 29th.

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