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 target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,776,800 shares, an increase 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

CDPYF traded up $0.52 on Friday, reaching $32.63. The company had a trading volume of 22,275 shares, compared to its average volume of 21,454. The company has a fifty day moving average of $35.38 and a 200-day moving average of $35.21. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $28.12 and a one year high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.0888 per share. This represents a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 29th. 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.