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 January. As of January 15th, there was short interest totalling 2,721,000 shares, an increase of 28.8% from the December 31st 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 Up 1.3 %

Canadian Apartment Properties Real Estate Investment Trust stock traded up $0.35 during midday trading on Thursday, reaching $28.10. The company’s stock had a trading volume of 2,652 shares, compared to its average volume of 31,521. The business has a 50-day simple moving average of $30.08 and a 200-day simple moving average of $34.33. 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 firm also recently announced a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.0872 per share. This represents a dividend yield of 3.72%. The ex-dividend date is Friday, January 31st. 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.