Short Interest in Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Drops By 39.0%

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 1,564,100 shares, a decline of 39.0% from the September 30th total of 2,563,500 shares. Based on an average trading volume of 45,300 shares, the short-interest ratio is presently 34.5 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

OTCMKTS:CDPYF traded down $0.96 during trading hours on Friday, hitting $34.97. The company had a trading volume of 974 shares, compared to its average volume of 20,935. The stock has a 50-day moving average price of $38.63 and a 200 day moving average price of $35.09. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $28.12 and a 52 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 Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.0906 dividend. This represents a yield of 2.94%. The ex-dividend date is Thursday, October 31st. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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.