Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Price Target Raised to C$63.00 at TD Securities

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) had its price objective boosted by TD Securities to C$63.00 in a research note released on Tuesday morning, The Fly reports.

CDPYF has been the topic of several other reports. Raymond James increased their target price on Canadian Apartment Properties Real Estate Investment Trust to C$60.00 in a research report on Friday, February 24th. Royal Bank of Canada increased their target price on Canadian Apartment Properties Real Estate Investment Trust from C$59.00 to C$60.00 in a research report on Monday. Scotiabank increased their target price on Canadian Apartment Properties Real Estate Investment Trust to C$55.00 in a research report on Friday, February 24th. National Bank Financial increased their target price on Canadian Apartment Properties Real Estate Investment Trust to C$59.00 in a research report on Tuesday, April 18th. Finally, BMO Capital Markets increased their target price on Canadian Apartment Properties Real Estate Investment Trust to C$54.00 in a research report on Monday, February 27th.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

CDPYF stock opened at $35.86 on Tuesday. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $27.11 and a 12-month high of $39.33. The stock’s 50 day simple moving average is $35.33 and its 200 day simple moving average is $34.29.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The company also recently announced a dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were paid a dividend of $0.0903 per share. The ex-dividend date was Thursday, April 27th. This represents a yield of 3.03%. This is a boost from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 39.43%.

About Canadian Apartment Properties Real Estate Investment Trust

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Canadian Apartment Properties Real Estate Investment Trust is an open-ended mutual fund trust, which engages in the management of interests in multi-unit residential real estate properties, including apartments, townhomes, and manufactured home communities. It operates though the Canada and Europe geographical segments.