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

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

Canadian Apartment Properties Real Estate Investment Trust Trading Down 0.2 %

Shares of Canadian Apartment Properties Real Estate Investment Trust stock traded down $0.07 during trading on Friday, hitting $32.43. 3,496 shares of the company were exchanged, compared to its average volume of 10,383. Canadian Apartment Properties Real Estate Investment Trust has a fifty-two week low of $29.41 and a fifty-two week high of $40.63. The firm has a 50 day moving average price of $32.32 and a 200 day moving average price of $34.33.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

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