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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,776,800 shares, an increase of 13.6% from the October 31st total of 1,564,300 shares. Based on an average daily trading volume, of 19,800 shares, the short-interest ratio is presently 89.7 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

Shares of OTCMKTS:CDPYF traded up $0.22 during trading on Tuesday, reaching $32.85. The company had a trading volume of 14,900 shares, compared to its average volume of 21,422. Canadian Apartment Properties Real Estate Investment Trust has a 12 month low of $28.12 and a 12 month high of $41.55. The company has a fifty day moving average of $35.38 and a two-hundred day moving average of $35.22.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.0888 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 3.31%. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is 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.