Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Down 13.6% in September

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 2,203,700 shares, a decline of 13.6% from the August 31st total of 2,551,500 shares. Based on an average trading volume of 35,000 shares, the short-interest ratio is currently 63.0 days.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

OTCMKTS:CDPYF traded down $0.08 during mid-day trading on Monday, hitting $40.31. 43,000 shares of the stock traded hands, compared to its average volume of 18,656. The business’s 50-day moving average price is $37.84 and its 200 day moving average price is $34.66. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $28.12 and a 12-month high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.092 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a yield of 2.71%. This is a boost from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is currently 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.