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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,300,100 shares, a decline of 39.6% from the February 28th total of 3,809,200 shares. Based on an average daily volume of 57,100 shares, the short-interest ratio is presently 40.3 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 0.5 %

Shares of CDPYF traded down $0.15 during mid-day trading on Friday, hitting $30.08. 61,922 shares of the company’s stock were exchanged, compared to its average volume of 60,388. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $26.66 and a 52 week high of $41.55. The stock’s 50-day simple moving average is $28.61 and its 200-day simple moving average is $32.03.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.0903 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 3.64%. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is presently 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.