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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 3,512,000 shares, a growth of 27.1% from the January 31st total of 2,762,400 shares. Based on an average trading volume of 40,100 shares, the short-interest ratio is currently 87.6 days.

Canadian Apartment Properties Real Estate Investment Trust Trading Up 5.4 %

Shares of CDPYF opened at $29.34 on Thursday. The company’s fifty day moving average is $28.59 and its two-hundred day moving average is $33.11. 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 Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.0908 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is 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.