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 significant 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 trading volume of 35,700 shares, the short-interest ratio is currently 59.2 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

Shares of OTCMKTS:CDPYF traded down $0.02 during mid-day trading on Monday, reaching $29.56. The stock had a trading volume of 5,648 shares, compared to its average volume of 21,875. The business’s 50 day moving average price is $32.21 and its 200 day moving average price is $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 disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be issued a dividend of $0.0878 per share. This represents a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, December 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.