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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 2,300,100 shares, a drop of 39.6% from the February 28th total of 3,809,200 shares. Based on an average daily trading volume, of 57,100 shares, the days-to-cover ratio is currently 40.3 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

CDPYF traded down $0.15 during trading on Friday, reaching $30.08. 61,922 shares of the stock were exchanged, compared to its average volume of 60,388. The stock’s 50 day moving average price is $28.61 and its two-hundred day moving average price is $32.03. Canadian Apartment Properties Real Estate Investment Trust has a twelve month low of $26.66 and a twelve month high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.0903 per share. This represents a yield of 3.64%. The ex-dividend date of this dividend is Monday, March 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.