Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Sees Significant Growth in Short Interest

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYFGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 2,490,900 shares, an increase of 17.0% from the May 15th total of 2,128,900 shares. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is presently 311.4 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 1.4 %

Shares of Canadian Apartment Properties Real Estate Investment Trust stock opened at $31.27 on Tuesday. The stock has a 50 day moving average price of $32.27 and a two-hundred day moving average price of $34.56. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $29.41 and a 12-month high of $40.63.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.0885 per share. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. This represents a dividend yield of 3.27%. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is 39.43%.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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