Canadian Apartment Properties Real Estate Investment Trust Plans Dividend of $0.09 (OTCMKTS:CDPYF)

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYFGet Rating) declared a dividend on Wednesday, June 22nd, investing.com reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.0933 per share on Friday, July 15th. This represents a yield of 3.26%. The ex-dividend date is Wednesday, June 29th.

Shares of Canadian Apartment Properties Real Estate Investment Trust stock opened at $34.30 on Wednesday. The business’s 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $41.72. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $33.00 and a one year high of $50.47.

CDPYF has been the topic of a number of analyst reports. Royal Bank of Canada decreased their price target on Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research note on Wednesday, May 18th. Raymond James reduced their target price on Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research note on Wednesday, May 18th. TD Securities reduced their target price on Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research note on Wednesday, May 18th. Scotiabank reduced their target price on Canadian Apartment Properties Real Estate Investment Trust to C$63.00 in a research note on Thursday, May 19th. Finally, CIBC reduced their target price on Canadian Apartment Properties Real Estate Investment Trust from C$63.00 to C$60.00 in a research note on Wednesday, May 18th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $64.68.

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.

See Also

Dividend History for Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)

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