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 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 short-interest ratio is presently 74.3 days.

RioCan Real Estate Investment Trust Price Performance

OTCMKTS:RIOCF traded up $0.05 during mid-day trading on Monday, reaching $12.86. The stock had a trading volume of 2,544 shares, compared to its average volume of 48,505. The business 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 has a twelve month low of $11.50 and a twelve month high of $16.06.

RioCan Real Estate Investment Trust Cuts Dividend

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