RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Rating) announced a dividend on Wednesday, August 24th, investing.com reports. Shareholders of record on Wednesday, August 31st will be paid a dividend of 0.0658 per share on Thursday, September 8th. This represents a yield of 4.94%. The ex-dividend date of this dividend is Tuesday, August 30th. This is an increase from RioCan Real Estate Investment Trust's previous dividend of $0.06.

RioCan Real Estate Investment Trust Stock Down 2.4 %

OTCMKTS:RIOCF opened at $15.81 on Monday. The company has a 50-day moving average of $15.82 and a 200-day moving average of $17.72. RioCan Real Estate Investment Trust has a 52 week low of $14.68 and a 52 week high of $20.63.

Wall Street Analyst Weigh In

RIOCF has been the subject of several analyst reports. National Bank Financial cut their price target on shares of RioCan Real Estate Investment Trust from C$27.00 to C$23.00 in a report on Wednesday, July 20th. Royal Bank of Canada lowered their price target on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.00 in a research report on Thursday, May 12th. Canaccord Genuity Group upgraded shares of RioCan Real Estate Investment Trust from a "hold" rating to a "buy" rating in a report on Thursday, August 11th. Finally, Scotiabank cut their price target on shares of RioCan Real Estate Investment Trust from C$27.00 to C$26.50 in a research note on Thursday, May 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.72.

RioCan Real Estate Investment Trust Company Profile

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.

Further Reading

• Get a free copy of the StockNews.com research report on RioCan Real Estate Investment Trust (RIOCF)
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