RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Short Interest Down 26.2% in November

Posted by Tyrone Williams on Dec 15th, 2024

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Free Report) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 2,958,900 shares, a decline of 26.2% from the November 15th total of 4,007,400 shares. Based on an average daily trading volume, of 49,700 shares, the short-interest ratio is currently 59.5 days.

RioCan Real Estate Investment Trust Trading Down 1.0 %

Shares of OTCMKTS:RIOCF traded down $0.13 during mid-day trading on Friday, reaching $12.87. 7,920 shares of the company traded hands, compared to its average volume of 58,278. RioCan Real Estate Investment Trust has a 52 week low of $11.43 and a 52 week high of $15.40. The company’s 50 day moving average price is $13.72 and its 200-day moving average price is $13.45.

RioCan Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 6th. Investors of record on Monday, December 2nd were issued a dividend of $0.0657 per share. This represents a dividend yield of 5.75%. The ex-dividend date of this dividend was Friday, November 29th. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is 57.26%.

RioCan Real Estate Investment Trust Company Profile

(Get Free Report)

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.