RioCan Real Estate Investment Trust (TSE:REI) Lowered to Hold Rating by Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of RioCan Real Estate Investment Trust (TSE:REI) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, BMO Capital Markets raised shares of RioCan Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 18th.

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.

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.