Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Update

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,057,900 shares, an increase of 18.2% from the March 15th total of 1,741,700 shares. Based on an average daily trading volume, of 11,000 shares, the days-to-cover ratio is currently 187.1 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

Shares of OTCMKTS CDPYF opened at $31.72 on Tuesday. The stock’s fifty day moving average price is $35.21 and its two-hundred day moving average price is $34.56. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $29.41 and a one year high of $40.63.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.0894 dividend. This represents a yield of 3%. The ex-dividend date was Wednesday, March 27th. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is 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.