Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Receives Consensus Rating of “Buy” from Analysts

Shares of Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYFGet Rating) have earned a consensus rating of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $64.68.

Several brokerages have issued reports on CDPYF. Royal Bank of Canada cut their target price on shares of Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research note on Wednesday, May 18th. Raymond James lowered their price target on shares of Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a report on Wednesday, May 18th. CIBC lowered their price target on shares of Canadian Apartment Properties Real Estate Investment Trust from C$63.00 to C$60.00 in a report on Wednesday, May 18th. Canaccord Genuity Group decreased their price objective 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 report on Wednesday, April 6th. Finally, Desjardins decreased their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$65.00 in a report on Thursday, May 19th.

Shares of OTCMKTS:CDPYF opened at $39.32 on Friday. The company’s fifty day moving average is $39.43 and its two-hundred day moving average is $42.54. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $35.00 and a 12-month high of $50.47.

The company also recently declared a dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Monday, May 30th will be issued a dividend of $0.0943 per share. This represents a yield of 3.12%. The ex-dividend date of this dividend is Friday, May 27th.

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

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