Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Sees Large Growth in Short Interest

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,776,800 shares, a growth of 13.6% from the October 31st total of 1,564,300 shares. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is currently 89.7 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

Canadian Apartment Properties Real Estate Investment Trust stock traded up $0.22 during trading hours on Tuesday, hitting $32.85. The stock had a trading volume of 14,900 shares, compared to its average volume of 21,422. The business’s 50 day simple moving average is $35.38 and its 200-day simple moving average is $35.22. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $28.12 and a one year high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.0888 dividend. This represents a yield of 3.31%. The ex-dividend date of this dividend is Friday, November 29th. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is currently 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.