RioCan Real Estate Investment Trust Announces Dividend of $0.07 (OTCMKTS:RIOCF)

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) announced a dividend on Wednesday, June 22nd, investing.com reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.0657 per share on Friday, July 8th. This represents a yield of 5%. The ex-dividend date is Wednesday, June 29th.

Shares of RioCan Real Estate Investment Trust stock opened at $15.75 on Wednesday. The business’s fifty day moving average price is $17.74 and its two-hundred day moving average price is $18.36. RioCan Real Estate Investment Trust has a 1-year low of $14.81 and a 1-year high of $20.63.

RIOCF has been the topic of several recent analyst reports. National Bank Financial cut their target price on RioCan Real Estate Investment Trust from C$27.50 to C$27.00 in a research note on Thursday, May 12th. Canaccord Genuity Group lowered their price target on RioCan Real Estate Investment Trust from C$25.25 to C$24.75 in a research report on Wednesday, May 11th. BMO Capital Markets lifted their price target on RioCan Real Estate Investment Trust from C$25.75 to C$26.50 in a research report on Friday, February 25th. Royal Bank of Canada lowered their price target on RioCan Real Estate Investment Trust from C$27.00 to C$26.00 in a research report on Thursday, May 12th. Finally, TD Securities lifted their price target on RioCan Real Estate Investment Trust from C$27.00 to C$28.00 in a research report on Thursday, February 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, RioCan Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $26.22.

About RioCan Real Estate Investment Trust (Get Rating)

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 September 30, 2020, our portfolio is comprised of 221 properties with an aggregate net leasable area of ​​approximately 38.4 million square feet (at RioCan’s interest) including office, residential rental and 16 development properties.

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Dividend History for RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)

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