Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Stock Price Up 2.7% – Here’s Why

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) shares rose 2.7% during mid-day trading on Wednesday . The stock traded as high as $26.9620 and last traded at $26.9620. Approximately 2,020 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 34,883 shares. The stock had previously closed at $26.26.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

The stock’s 50-day simple moving average is $27.30 and its 200 day simple moving average is $29.90.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.0921 dividend. This represents a dividend yield of 410.0%. The ex-dividend date was Friday, November 28th. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is currently 39.43%.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

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.