Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Given Average Recommendation of “Buy” by Brokerages

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYFGet Rating) has earned an average rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $66.89.

A number of equities analysts recently commented on the company. Canaccord Genuity Group decreased their target price on Canadian Apartment Properties Real Estate Investment Trust from C$66.00 to C$63.00 and set a “buy” rating for the company in a report on Wednesday, April 6th. Raymond James dropped their price objective on Canadian Apartment Properties Real Estate Investment Trust from C$70.50 to C$70.00 in a report on Friday, February 25th. Finally, Scotiabank upgraded Canadian Apartment Properties Real Estate Investment Trust to an “outperform” rating in a research note on Monday, April 11th.

Shares of Canadian Apartment Properties Real Estate Investment Trust stock opened at $41.12 on Friday. The company has a 50 day moving average of $42.65 and a 200-day moving average of $44.83. Canadian Apartment Properties Real Estate Investment Trust has a 1-year low of $39.75 and a 1-year high of $50.47.

The company also recently disclosed a dividend, which will be paid on Monday, April 18th. Investors of record on Thursday, March 31st will be given a $0.0956 dividend. The ex-dividend date is Wednesday, March 30th. This represents a yield of 2.63%. This is an increase from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09.

Canadian Apartment Properties Real Estate Investment Trust Company Profile (Get Rating)

CAPREIT is one of Canada's largest real estate investment trusts. CAPREIT owns approximately 57,000 suites, including townhomes and manufactured housing sites, in Canada and, indirectly through its investment in ERES, approximately 5,800 suites in the Netherlands. CAPREIT manages approximately 61,200 of its owned suites in Canada and Netherlands, and additionally approximately 3,800 suites in Ireland as at September 30, 2020.

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Analyst Recommendations for Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)

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