Short Interest in Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Decreases By 39.6%

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a large decline in short interest during 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 trading volume of 57,100 shares, the short-interest ratio is currently 40.3 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

Shares of CDPYF stock traded down $0.15 during mid-day trading on Monday, hitting $30.08. 61,922 shares of the company’s stock were exchanged, compared to its average volume of 60,388. The stock has a 50-day simple moving average of $28.61 and a two-hundred day simple moving average of $31.97. Canadian Apartment Properties Real Estate Investment Trust has a fifty-two week low of $26.66 and a fifty-two week high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

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