RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Sees Significant Drop in Short Interest

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 4,560,500 shares, a decline of 48.9% from the August 31st total of 8,926,400 shares. Based on an average daily volume of 131,900 shares, the short-interest ratio is presently 34.6 days.

RioCan Real Estate Investment Trust Trading Up 0.8 %

Shares of OTCMKTS RIOCF traded up $0.12 during midday trading on Friday, reaching $15.16. The company had a trading volume of 127,874 shares, compared to its average volume of 62,987. RioCan Real Estate Investment Trust has a one year low of $11.43 and a one year high of $15.40. The firm’s fifty day moving average price is $13.79 and its 200-day moving average price is $13.17.

RioCan Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, October 7th. Stockholders of record on Tuesday, October 1st will be paid a $0.0681 dividend. This represents a dividend yield of 5.39%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from RioCan Real Estate Investment Trust’s previous dividend of $0.07. RioCan Real Estate Investment Trust’s payout ratio is 57.26%.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.