Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Update

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,112,000 shares, an increase of 26.0% from the November 30th total of 1,676,500 shares. Based on an average daily trading volume, of 35,700 shares, the days-to-cover ratio is presently 59.2 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 0.6 %

Canadian Apartment Properties Real Estate Investment Trust stock traded down $0.02 during trading hours on Monday, hitting $29.56. 5,648 shares of the stock traded hands, compared to its average volume of 21,875. The firm’s 50 day moving average price is $32.21 and its 200-day moving average price is $34.96. Canadian Apartment Properties Real Estate Investment Trust has a 1 year low of $28.12 and a 1 year high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be given a dividend of $0.0878 per share. This represents a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, December 31st. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is presently 39.43%.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.