Shares of Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) have received a consensus recommendation of "Buy" from the ten research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $61.28.
Several research firms have recently issued reports on CDPYF. National Bank Financial upped their price objective on Canadian Apartment Properties Real Estate Investment Trust to C$52.00 in a research note on Friday, August 12th. Scotiabank cut their price target on shares of Canadian Apartment Properties Real Estate Investment Trust to C$59.25 in a report on Monday, August 15th. Desjardins reduced their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$60.00 in a research note on Wednesday, August 17th. Royal Bank of Canada lifted their target price on Canadian Apartment Properties Real Estate Investment Trust to C$62.00 in a report on Friday, August 12th. Finally, Raymond James reduced their price target on Canadian Apartment Properties Real Estate Investment Trust to C$61.00 in a research report on Wednesday, August 17th.
Get Canadian Apartment Properties Real Estate Investment Trust alerts:Canadian Apartment Properties Real Estate Investment Trust Price Performance
Shares of CDPYF opened at $32.77 on Tuesday. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $32.53 and a 12-month high of $50.47. The business has a 50-day simple moving average of $35.25 and a two-hundred day simple moving average of $37.53.
Canadian Apartment Properties Real Estate Investment Trust Increases Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a $0.0939 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust's previous dividend of $0.09. This represents a dividend yield of 3.18%.Canadian Apartment Properties Real Estate Investment Trust Company Profile
(Get Rating)
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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