Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Down 28.2% in June

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 1,787,900 shares, a decline of 28.2% from the May 31st total of 2,490,900 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is presently 436.1 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 0.2 %

Shares of Canadian Apartment Properties Real Estate Investment Trust stock traded down $0.07 during trading on Monday, reaching $32.43. The company’s stock had a trading volume of 3,400 shares, compared to its average volume of 10,382. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $29.41 and a 12-month high of $40.63. The business has a 50 day moving average price of $32.32 and a 200-day moving average price of $34.28.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.088 dividend. The ex-dividend date is Friday, June 28th. This represents a dividend yield of 3.34%. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 39.43%.

About Canadian Apartment Properties Real Estate Investment Trust

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.