Royal Bank Of Canada Reiterates “Sector Perform” Rating for OneREIT (ONR.UN)
OneREIT (TSE:ONR.UN)‘s stock had its “sector perform” rating reiterated by stock analysts at Royal Bank Of Canada in a report released on Wednesday. They presently have a C$3.75 price target on the stock.
Separately, TD Securities upped their price target on shares of OneREIT from C$4.50 to C$4.75 and gave the company a “buy” rating in a report on Friday, August 12th.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 15th will be given a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Monday, November 28th.
OneREIT, formerly Retrocom Real Estate Investment Trust, is an unincorporated open-end real estate investment trust (REIT). The Company owns, manages and operates shopping centers located throughout Canada. It owns a portfolio of approximately 60 properties, including over 55 investment properties located in approximately nine provinces and the Yukon Territory, one parcel of land for development located in New Brunswick, and an interest in over 40 acre tract of land in Mississauga, Ontario.
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