Short Interest in Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Grows By 26.0%

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a large growth in short interest during the month of 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 daily trading volume, of 35,700 shares, the short-interest ratio is currently 59.2 days.

Canadian Apartment Properties Real Estate Investment Trust Trading Down 0.6 %

Shares of OTCMKTS:CDPYF opened at $29.56 on Tuesday. 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 fifty day moving average price is $32.21 and its 200 day moving average price is $34.96.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be given 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 dividend payout ratio (DPR) 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.