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 recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,057,900 shares, a growth of 18.2% from the March 15th total of 1,741,700 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 187.1 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

Shares of Canadian Apartment Properties Real Estate Investment Trust stock opened at $31.72 on Tuesday. The company has a 50 day moving average price of $35.21 and a 200 day moving average price of $34.56. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $29.41 and a 52 week high of $40.63.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.0894 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a yield of 3%. 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.