Short Interest in Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Declines By 5.1%

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 1,953,300 shares, a decrease of 5.1% from the March 31st total of 2,057,900 shares. Based on an average trading volume of 5,300 shares, the short-interest ratio is currently 368.5 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Up 0.4 %

Shares of CDPYF stock opened at $31.70 on Tuesday. The stock’s 50-day moving average is $34.15 and its two-hundred day moving average is $34.44. Canadian Apartment Properties Real Estate Investment Trust has a 1 year low of $29.41 and a 1 year high of $40.63.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.0878 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 3.42%. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is presently 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.