Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Sees Large Increase in Short Interest

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,112,000 shares, a growth 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 short-interest ratio is currently 59.2 days.

Canadian Apartment Properties Real Estate Investment Trust Trading Down 0.7 %

Shares of CDPYF traded down $0.20 during trading hours on Friday, hitting $29.38. 521 shares of the stock traded hands, compared to its average volume of 21,949. The business has a fifty day moving average of $32.21 and a 200-day moving average of $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 firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 3.59%. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio 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.