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

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,083,600 shares, an increase of 23.9% from the March 31st total of 4,104,300 shares. Based on an average daily volume of 68,400 shares, the short-interest ratio is currently 74.3 days.

RioCan Real Estate Investment Trust Trading Up 0.4 %

RIOCF stock traded up $0.05 during trading on Monday, hitting $12.86. 2,544 shares of the stock traded hands, compared to its average volume of 48,505. RioCan Real Estate Investment Trust has a one year low of $11.50 and a one year high of $16.06. The company has a 50 day simple moving average of $13.35 and a 200 day simple moving average of $13.34.

RioCan Real Estate Investment Trust Cuts Dividend

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

About RioCan Real Estate Investment Trust

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.