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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the target of a large growth in short interest in 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 days-to-cover ratio is presently 59.2 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 0.7 %

OTCMKTS CDPYF traded down $0.20 during trading hours on Friday, reaching $29.38. 521 shares of the company’s stock were exchanged, compared to its average volume of 21,949. The firm has a fifty day moving average of $32.21 and a 200-day moving average of $34.96. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $28.12 and a one year high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be issued a dividend of $0.0878 per share. This represents a dividend yield of 3.59%. The ex-dividend date is Tuesday, December 31st. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is presently 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.