Canadian Apartment Properties Real Estate Investment Trust (CAR.UN) saw its shares slide by 0.42% to C$47.69 in a lackluster trading session in the Canadian market. The broader S&P/TSX Composite Index also fell by 0.47% to 19,691.21.
CAR.UN closed at C$5.29 below its 52-week high of C$52.98, which was achieved on July 14th. The trading volume of 215,839 shares was lower than its 50-day average volume of 318,098.
These numbers indicate a decline in investor confidence in Canadian Apartment Properties REIT. Despite the overall market downturn, the company’s performance seems to have disappointed investors, resulting in a decrease in its share price.
It is important to note that this article was auto-generated by Automated Insights, an automation technology provider. The market data used in this article was sourced from Dow Jones and FactSet.
Source: Automated Insights (via Dow Jones and FactSet)