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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,944,600 shares, a decrease of 8.9% from the July 31st total of 2,134,900 shares. Based on an average trading volume of 28,400 shares, the short-interest ratio is currently 68.5 days.

Canadian Apartment Properties Real Estate Investment Trust Trading Up 0.6 %

Shares of CDPYF stock opened at $38.96 on Tuesday. The business’s 50 day simple moving average is $35.34 and its 200 day simple moving average is $34.14. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $28.12 and a one year high of $40.63.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 2nd will be issued a $0.0909 dividend. The ex-dividend date is Friday, August 30th. This is a boost from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. This represents a yield of 2.91%. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio 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.