Scotiabank Lowers Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Price Target to C$63.00

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYFGet Rating) had its price target reduced by stock analysts at Scotiabank to C$63.00 in a research report issued on Thursday, The Fly reports.

Several other equities research analysts have also recently weighed in on CDPYF. TD Securities reduced their price objective on Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research note on Wednesday. CIBC reduced their price target on Canadian Apartment Properties Real Estate Investment Trust from C$63.00 to C$60.00 in a research report on Wednesday. Royal Bank of Canada cut their target price on Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research report on Wednesday. Raymond James cut their price target on Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research report on Wednesday. Finally, National Bank Financial lowered 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. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $64.68.

OTCMKTS CDPYF traded down $0.05 on Thursday, hitting $37.14. 161 shares of the company traded hands, compared to its average volume of 1,762. The business’s 50 day moving average price is $40.65 and its 200-day moving average price is $43.41. 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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