The shares of Canadian Apartment Properties Real Estate Investment Trust Un (CAR.UT) experienced a 1.74% decrease, closing at C$43.49 on Tuesday. This decline was part of a negative trading session for the Canadian market, with the S&P/TSX Composite Index (GSPTSE) falling by 0.81% to 19,020.92.
Canadian Apartment Properties Real Estate Investment Trust Un fell C$9.49 short of its 52-week high, which the company had achieved on July 14th, when it reached a value of C$52.98. The trading volume for the day was 348,439 shares, surpassing the 50-day average volume of 307,611 shares.
It’s important to note that this story was auto-generated by Automated Insights, an automation technology provider, utilizing data from Dow Jones and FactSet.
Canadian Apartment Properties Real Estate Investment Trust, commonly known as CAPREIT, is a real estate investment trust based in Canada. They specialize in the ownership and operation of a portfolio of multi-unit residential rental properties.
The S&P/TSX Composite Index is the main index for the Canadian equity market, representing a broad range of companies across various sectors. A decrease in the index indicates a decline in the overall performance of the Canadian stock market.
Trading volume refers to the number of shares or contracts that are traded during a given period. Higher trading volumes can indicate increased market activity and liquidity.
– Automated Insights
– Dow Jones