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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 1,787,900 shares, a decrease of 28.2% from the May 31st total of 2,490,900 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 436.1 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

Shares of OTCMKTS CDPYF traded down $0.07 during trading hours on Friday, reaching $32.43. 3,496 shares of the stock traded hands, compared to its average volume of 10,383. Canadian Apartment Properties Real Estate Investment Trust has a 52-week low of $29.41 and a 52-week high of $40.63. The company’s 50-day simple moving average is $32.32 and its two-hundred day simple moving average is $34.33.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.088 dividend. This represents a yield of 3.34%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Apartment Properties Real Estate Investment Trust’s 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.