Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Stock Price Down 0.8% – Time to Sell?

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)’s stock price fell 0.8% during trading on Friday . The company traded as low as $27.54 and last traded at $27.54. 8,085 shares changed hands during trading, a decline of 17% from the average session volume of 9,786 shares. The stock had previously closed at $27.75.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 0.8%

The stock’s fifty day simple moving average is $27.74 and its 200-day simple moving average is $28.36.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid 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 payout ratio is 39.43%.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS: CDPYF) is one of Canada’s largest publicly traded real estate investment trusts, specializing in the acquisition, ownership and management of residential rental properties. Founded in 1996 and headquartered in Toronto, the trust focuses on delivering stable and growing distributions through investments in multi-family apartment buildings, townhome complexes and manufactured home communities.

CAPREIT’s portfolio spans major metropolitan and regional markets across Canada, including Ontario, Quebec, British Columbia, Alberta and Manitoba.