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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,776,800 shares, an increase of 13.6% from the October 31st total of 1,564,300 shares. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is presently 89.7 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

CDPYF traded up $0.22 during trading on Tuesday, reaching $32.85. 14,900 shares of the company were exchanged, compared to its average volume of 21,422. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $28.12 and a 12-month high of $41.55. The company’s 50-day moving average is $35.38 and its two-hundred day moving average is $35.22.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.0888 dividend. This represents a dividend yield of 3.31%. The ex-dividend date is Friday, November 29th. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is 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.