RioCan Real Estate Investment Trust (TSE:REI) Upgraded by BMO Capital Markets to “Strong-Buy” Rating

BMO Capital Markets upgraded shares of RioCan Real Estate Investment Trust (TSE:REI) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

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.

RioCan Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 31st were given a dividend of $0.093 per share. This represents a $1.12 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Thursday, October 31st.

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.