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

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 4,510,000 shares, a growth of 23.6% from the March 31st total of 3,649,500 shares. Based on an average trading volume of 30,600 shares, the short-interest ratio is presently 147.4 days.

RioCan Real Estate Investment Trust Trading Down 0.3 %

OTCMKTS RIOCF opened at $12.50 on Friday. The company has a 50 day moving average of $12.38 and a 200-day moving average of $12.96. RioCan Real Estate Investment Trust has a 1-year low of $10.91 and a 1-year high of $15.40.

RioCan Real Estate Investment Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 7th. Investors of record on Thursday, May 1st will be paid a $0.0694 dividend. This represents a yield of 6.7%. The ex-dividend date is Wednesday, April 30th. This is an increase 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.