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 November. As of November 30th, there was short interest totalling 2,958,900 shares, a decrease 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 Stock Performance

RIOCF traded down $0.13 on Friday, hitting $12.87. The company had a trading volume of 7,920 shares, compared to its average volume of 58,278. The stock has a fifty day simple moving average of $13.72 and a 200-day simple moving average of $13.45. RioCan Real Estate Investment Trust has a 52-week low of $11.43 and a 52-week high of $15.40.

RioCan Real Estate Investment Trust Cuts Dividend

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