RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Short Interest Update

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 7,071,700 shares, a growth of 19.6% from the May 15th total of 5,913,400 shares. Based on an average trading volume of 37,600 shares, the days-to-cover ratio is presently 188.1 days.

RioCan Real Estate Investment Trust Stock Performance

Shares of RIOCF opened at $12.17 on Monday. RioCan Real Estate Investment Trust has a 1 year low of $11.50 and a 1 year high of $16.06. The business has a 50-day moving average of $12.83 and a 200-day moving average of $13.35.

RioCan Real Estate Investment Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a dividend of $0.0679 per share. This represents a dividend yield of 6.29%. This is an increase from RioCan Real Estate Investment Trust’s previous dividend of $0.07. The ex-dividend date was Friday, May 31st. 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.