Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Down 5.6% in November

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,676,500 shares, a drop of 5.6% from the November 15th total of 1,776,800 shares. Based on an average trading volume of 31,100 shares, the days-to-cover ratio is presently 53.9 days.

Canadian Apartment Properties Real Estate Investment Trust Trading Down 4.7 %

Shares of CDPYF opened at $29.35 on Thursday. The firm has a fifty day simple moving average of $33.28 and a two-hundred day simple moving average of $35.09. Canadian Apartment Properties Real Estate Investment Trust has a 1-year low of $28.12 and a 1-year high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.0888 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 3.31%. 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.