Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Up 13.6% in November

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a significant 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 Stock Performance

OTCMKTS CDPYF traded up $0.22 on Tuesday, hitting $32.85. 14,900 shares of the company’s stock were exchanged, compared to its average volume of 21,422. Canadian Apartment Properties Real Estate Investment Trust has a fifty-two week low of $28.12 and a fifty-two week high of $41.55. The firm’s 50-day moving average price is $35.38 and its two-hundred day moving average price is $35.22.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

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