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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 3,512,000 shares, an increase of 27.1% from the January 31st total of 2,762,400 shares. Based on an average daily volume of 40,100 shares, the days-to-cover ratio is presently 87.6 days.

Canadian Apartment Properties Real Estate Investment Trust Trading Up 0.2 %

Canadian Apartment Properties Real Estate Investment Trust stock opened at $27.83 on Wednesday. The stock has a 50-day simple moving average of $28.59 and a 200 day simple moving average of $33.13. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $26.66 and a 52 week high of $41.55.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.0908 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. This represents a dividend yield of 3.8%. Canadian Apartment Properties Real Estate Investment Trust’s 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.