RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Shares Up 1% – Time to Buy?

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)’s stock price shot up 1% on Monday . The stock traded as high as $13.05 and last traded at $13.00. 6,620 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 43,835 shares. The stock had previously closed at $12.87.

RioCan Real Estate Investment Trust Trading Up 1.0%

The firm has a 50-day moving average price of $12.70 and a 200 day moving average price of $12.67.

RioCan Real Estate Investment Trust Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, July 1st were given a dividend of $0.071 per share. This represents a yield of 6.66%. This is a positive change from RioCan Real Estate Investment Trust’s previous dividend of $0.07. The ex-dividend date of this dividend was Monday, June 30th. 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.