Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Short Interest Down 39.6% in March

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,300,100 shares, a drop of 39.6% from the February 28th total of 3,809,200 shares. Based on an average daily volume of 57,100 shares, the days-to-cover ratio is presently 40.3 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

Shares of OTCMKTS CDPYF traded down $0.15 during midday trading on Monday, hitting $30.08. The stock had a trading volume of 61,922 shares, compared to its average volume of 60,388. The company has a fifty day moving average price of $28.61 and a 200 day moving average price of $31.97. Canadian Apartment Properties Real Estate Investment Trust has a 1-year low of $26.66 and a 1-year high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.0903 per share. The ex-dividend date is Monday, March 31st. This represents a yield of 3.64%. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is currently 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.