RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Shares Up 2.1% – What’s Next?

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) was up 2.1% during trading on Thursday . The stock traded as high as $14.52 and last traded at $14.52. Approximately 2,625 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 8,124 shares. The stock had previously closed at $14.22.

RioCan Real Estate Investment Trust Trading Up 2.1%

The firm’s 50 day moving average is $13.74 and its two-hundred day moving average is $13.48.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 5th. Investors of record on Monday, December 1st were issued a $0.0688 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 612.0%. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is 57.26%.

RioCan Real Estate Investment Trust Company Profile

RioCan Real Estate Investment Trust, established in 1993 and headquartered in Toronto, Ontario, is one of Canada’s largest real estate investment trusts. Since its founding, the company has grown through strategic acquisitions and development projects to build a diversified portfolio focused on retail and mixed-use properties. Over the years, RioCan has adapted to shifting market dynamics by expanding its footprint in key urban centres and pursuing redevelopment opportunities that align with evolving consumer trends.

The Trust’s core business activities include the ownership, development and management of retail shopping centres, power centres and mixed-use urban projects across Canada.