OneREIT (TSE:ONR.UN) announced a monthly dividend on Thursday, July 27th, TickerTech reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.025 per share on Tuesday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Thursday, July 27th.
Several brokerages recently weighed in on ONR.UN. TD Securities set a C$4.25 target price on OneREIT and gave the stock a “buy” rating in a research report on Monday, April 3rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$3.75 price objective on shares of OneREIT in a research report on Friday, March 31st.
About OneREIT
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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