RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Sees Large Decrease in Short Interest

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,958,900 shares, a drop of 26.2% from the November 15th total of 4,007,400 shares. Based on an average trading volume of 49,700 shares, the days-to-cover ratio is currently 59.5 days.

RioCan Real Estate Investment Trust Stock Down 1.0 %

RIOCF stock traded down $0.13 during midday trading on Friday, hitting $12.87. The company’s stock had a trading volume of 7,920 shares, compared to its average volume of 58,278. The stock’s 50-day moving average price is $13.72 and its 200 day moving average price is $13.45. RioCan Real Estate Investment Trust has a 1 year low of $11.43 and a 1 year high of $15.40.

RioCan Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, December 2nd were given a $0.0657 dividend. 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 payout ratio is 57.26%.

About RioCan Real Estate Investment Trust

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.