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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,551,500 shares, an increase of 31.2% from the August 15th total of 1,944,600 shares. Based on an average trading volume of 58,600 shares, the short-interest ratio is currently 43.5 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 0.1 %

Shares of OTCMKTS:CDPYF traded down $0.04 during mid-day trading on Monday, hitting $41.51. 3,526 shares of the company traded hands, compared to its average volume of 18,247. The stock has a 50-day moving average price of $36.74 and a two-hundred day moving average price of $34.35. 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 announced a dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 2nd will be issued a $0.0909 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a dividend yield of 2.91%. This is an increase 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 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.