RioCan Real Estate Investment Trust (TSE:REI) Upgraded at BMO Capital Markets

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 released on Wednesday,Zacks.com reports.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust has a 12-month low of C$10.88 and a 12-month high of C$17.17.

RioCan Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st were issued a $0.093 dividend. This represents a $1.12 annualized dividend and a dividend yield of ?. The ex-dividend date was Thursday, October 31st.

RioCan Real Estate Investment Trust Company Profile

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.