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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 2,203,700 shares, a decline of 13.6% from the August 31st total of 2,551,500 shares. Based on an average trading volume of 35,000 shares, the short-interest ratio is currently 63.0 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

Shares of CDPYF traded up $0.13 during trading hours on Monday, reaching $40.44. 1,280 shares of the company’s stock traded hands, compared to its average volume of 18,680. The business’s fifty day simple moving average is $37.92 and its two-hundred day simple moving average is $34.70. Canadian Apartment Properties Real Estate Investment Trust has a twelve month low of $28.12 and a twelve month high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.092 per share. This represents a dividend yield of 2.71%. This is an increase from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. The ex-dividend date is Monday, September 30th. Canadian Apartment Properties Real Estate Investment Trust’s dividend 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.