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 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 daily trading volume, of 40,100 shares, the days-to-cover ratio is presently 87.6 days.

Canadian Apartment Properties Real Estate Investment Trust Trading Up 5.4 %

Shares of CDPYF stock opened at $29.34 on Thursday. Canadian Apartment Properties Real Estate Investment Trust has a 12 month low of $26.66 and a 12 month high of $41.55. The company’s fifty day moving average price is $28.59 and its two-hundred day moving average price is $33.11.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.0908 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. 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 payout ratio is presently 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.