Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Down 28.2% in June

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

Canadian Apartment Properties Real Estate Investment Trust Trading Down 0.2 %

Shares of CDPYF stock traded down $0.07 during trading hours on Monday, hitting $32.43. 3,400 shares of the company’s stock were exchanged, compared to its average volume of 10,382. The firm has a 50 day moving average of $32.32 and a two-hundred day moving average of $34.28. 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.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.088 per share. This represents a dividend yield of 3.34%. The ex-dividend date is Friday, June 28th. 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.