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

Posted by Doug Wharley on Apr 30th, 2024

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,083,600 shares, a growth of 23.9% from the March 31st total of 4,104,300 shares. Based on an average daily trading volume, of 68,400 shares, the days-to-cover ratio is presently 74.3 days.

RioCan Real Estate Investment Trust Trading Up 0.4 %

RIOCF opened at $12.86 on Tuesday. The business’s 50-day simple moving average is $13.33 and its 200-day simple moving average is $13.33. RioCan Real Estate Investment Trust has a one year low of $11.50 and a one year high of $16.06.

RioCan Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.0672 per share. This represents a yield of 6.29%. The ex-dividend date of this dividend is Monday, April 29th. RioCan Real Estate Investment Trust’s payout ratio is 57.26%.

About RioCan Real Estate Investment Trust

(Get Free Report)

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.