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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 2,721,000 shares, an increase of 28.8% from the December 15th total of 2,112,000 shares. Based on an average daily volume of 22,000 shares, the short-interest ratio is presently 123.7 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

CDPYF opened at $28.15 on Friday. The firm’s fifty day moving average is $30.82 and its 200 day moving average is $34.67. Canadian Apartment Properties Real Estate Investment Trust has a fifty-two week low of $27.56 and a fifty-two week high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.0872 dividend. This represents a yield of 3.72%. The ex-dividend date of this dividend is Friday, January 31st. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is currently 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.