Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Up 28.8% in December

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,721,000 shares, a growth of 28.8% from the December 15th total of 2,112,000 shares. Based on an average daily trading volume, of 22,000 shares, the days-to-cover ratio is presently 123.7 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 1.2 %

CDPYF stock traded down $0.33 during trading on Friday, hitting $28.15. 23,846 shares of the company traded hands, compared to its average volume of 35,395. Canadian Apartment Properties Real Estate Investment Trust has a 1 year low of $27.56 and a 1 year high of $41.55. The stock’s 50-day simple moving average is $30.82 and its 200 day simple moving average is $34.67.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a dividend of $0.0878 per share. This represents a yield of 3.59%. The ex-dividend date was Tuesday, December 31st. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.