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

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

RioCan Real Estate Investment Trust Price Performance

OTCMKTS:RIOCF traded up $0.12 during trading hours on Friday, hitting $15.16. 127,874 shares of the company’s stock traded hands, compared to its average volume of 62,987. RioCan Real Estate Investment Trust has a 52 week low of $11.43 and a 52 week high of $15.40. The business’s fifty day simple moving average is $13.79 and its two-hundred day simple moving average is $13.17.

RioCan Real Estate Investment Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, October 7th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.0681 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a yield of 5.39%. 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.