RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Short Interest Update

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,241,800 shares, a decrease of 24.2% from the November 30th total of 2,958,900 shares. Based on an average daily volume of 79,900 shares, the short-interest ratio is presently 28.1 days.

RioCan Real Estate Investment Trust Price Performance

RIOCF traded up $0.07 during trading hours on Friday, hitting $12.72. 9,449 shares of the company’s stock were exchanged, compared to its average volume of 58,601. RioCan Real Estate Investment Trust has a 12-month low of $11.43 and a 12-month high of $15.40. The firm has a 50 day moving average of $13.41 and a 200 day moving average of $13.45.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, January 1st will be given a dividend of $0.065 per share. This represents a dividend yield of 6.14%. The ex-dividend date of this dividend is Tuesday, December 31st. RioCan Real Estate Investment Trust’s dividend payout ratio is currently 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.