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 December. As of December 31st, there was short interest totalling 2,721,000 shares, an increase of 28.8% from the December 15th total of 2,112,000 shares. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is presently 123.7 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

Shares of CDPYF traded down $0.36 on Thursday, reaching $28.48. The stock had a trading volume of 50,749 shares, compared to its average volume of 36,555. Canadian Apartment Properties Real Estate Investment Trust has a twelve month low of $27.56 and a twelve month high of $41.55. The firm has a 50-day moving average of $30.91 and a 200 day moving average of $34.71.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a $0.0878 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 3.59%. 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.