Short Interest in Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Declines By 5.1%

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,953,300 shares, a decline of 5.1% from the March 31st total of 2,057,900 shares. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is currently 368.5 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Up 0.2 %

CDPYF stock opened at $31.31 on Thursday. The company has a 50-day simple moving average of $33.93 and a 200 day simple moving average of $34.40. Canadian Apartment Properties Real Estate Investment Trust has a fifty-two week low of $29.41 and a fifty-two week high of $40.63.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.0878 dividend. This represents a dividend yield of 3.42%. The ex-dividend date is Monday, April 29th. 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.