Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Price Target Cut to C$66.00 by Analysts at TD Securities

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) had its price target decreased by analysts at TD Securities to C$66.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

Other equities analysts also recently issued research reports about the stock. National Bank Financial reduced their target price on shares of Canadian Apartment Properties Real Estate Investment Trust from C$70.50 to C$62.25 in a research note on Wednesday, April 27th. Scotiabank upgraded shares of Canadian Apartment Properties Real Estate Investment Trust to an “outperform” rating in a research note on Monday, April 11th. Raymond James reduced their target price on shares of Canadian Apartment Properties Real Estate Investment Trust from C$70.50 to C$70.00 in a research note on Friday, February 25th. Finally, Canaccord Genuity Group reduced their target price on shares of 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 research note on Wednesday, April 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $65.98.

Shares of CDPYF traded down $0.33 during trading hours on Wednesday, hitting $37.19. The company’s stock had a trading volume of 2,471 shares, compared to its average volume of 1,779. The business has a 50 day simple moving average of $40.73 and a two-hundred day simple moving average of $43.46. Canadian Apartment Properties Real Estate Investment Trust has a 52-week low of $35.46 and a 52-week high of $50.47.

About Canadian Apartment Properties Real Estate Investment Trust (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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