Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Down 5.6% in November

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 1,676,500 shares, a drop of 5.6% from the November 15th total of 1,776,800 shares. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is presently 53.9 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

Shares of CDPYF stock opened at $30.80 on Wednesday. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $28.12 and a 52 week high of $41.55. The company’s 50 day moving average price is $33.43 and its two-hundred day moving average price is $35.13.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

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