Short Interest in RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Decreases By 24.2%

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

RioCan Real Estate Investment Trust Price Performance

RIOCF stock traded up $0.07 during midday trading on Friday, reaching $12.72. The company had a trading volume of 9,449 shares, compared to its average volume of 58,601. The firm has a 50-day moving average price of $13.41 and a 200-day moving average price of $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 business also recently declared a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, January 1st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 6.14%. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) 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.