Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) has been given a consensus recommendation of "Buy" by the ten brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $61.28.
A number of equities research analysts have recently commented on the stock. National Bank Financial increased their price target on shares of Canadian Apartment Properties Real Estate Investment Trust to C$52.00 in a report on Friday, August 12th. Desjardins cut their price target on shares of Canadian Apartment Properties Real Estate Investment Trust to C$60.00 in a report on Wednesday, August 17th. TD Securities raised their target price on shares of Canadian Apartment Properties Real Estate Investment Trust to C$60.00 in a report on Friday, August 12th. Scotiabank dropped their target price on shares of Canadian Apartment Properties Real Estate Investment Trust to C$59.25 in a report on Monday, August 15th. Finally, CIBC dropped their target price on shares of Canadian Apartment Properties Real Estate Investment Trust from C$63.00 to C$60.00 in a report on Wednesday, May 18th.
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Canadian Apartment Properties Real Estate Investment Trust Trading Up 1.1 %
OTCMKTS:CDPYF opened at $35.54 on Tuesday. The company's 50 day moving average price is $35.34 and its 200-day moving average price is $37.88. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $32.53 and a 52 week high of $50.47.
Canadian Apartment Properties Real Estate Investment Trust Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.0939 per share. This represents a dividend yield of 3.18%. The ex-dividend date is Tuesday, August 30th. 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 Company Profile
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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.
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