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 during the month of January. As of January 15th, there was short interest totalling 2,721,000 shares, a growth of 28.8% from the December 31st 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 Trading Up 1.3 %

CDPYF stock traded up $0.35 during mid-day trading on Thursday, hitting $28.10. 2,652 shares of the company were exchanged, compared to its average volume of 31,521. The business has a fifty day simple moving average of $30.08 and a 200-day simple moving average of $34.33. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $27.56 and a 12-month high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.0872 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 3.72%. Canadian Apartment Properties Real Estate Investment Trust’s 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.