RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Stock Price Up 0.5% – Time to Buy?

Shares of RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) traded up 0.5% during trading on Monday . The company traded as high as $13.62 and last traded at $13.62. 2,761 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 58,155 shares. The stock had previously closed at $13.55.

RioCan Real Estate Investment Trust Stock Up 0.5 %

The business’s 50 day moving average price is $14.37 and its 200 day moving average price is $13.39.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, November 1st were given a $0.067 dividend. This represents a yield of 5.6%. The ex-dividend date of this dividend was Thursday, October 31st. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.