BMO Capital Markets restated their market perform rating on shares of OneREIT (TSE:ONR.UN) in a research report sent to investors on Monday. The firm currently has a C$4.36 price target on the stock.
Separately, Royal Bank Of Canada downgraded shares of OneREIT from a sector perform rating to an underperform rating and upped their price target for the company from C$3.75 to C$4.25 in a report on Friday.
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The company also recently declared a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 15th will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.30 annualized dividend and a yield of Infinity.
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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