Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Trading Down 1.5% – What’s Next?

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) shares dropped 1.5% on Monday . The stock traded as low as $28.85 and last traded at $28.85. Approximately 20,552 shares changed hands during trading, a decline of 62% from the average daily volume of 54,586 shares. The stock had previously closed at $29.28.

Canadian Apartment Properties Real Estate Investment Trust Trading Down 1.5 %

The stock’s 50-day moving average is $28.71 and its two-hundred day moving average is $30.53.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.0903 dividend. This represents a dividend yield of 3.64%. The ex-dividend date was Monday, March 31st. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is currently 39.43%.

About Canadian Apartment Properties Real Estate Investment Trust

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.