Shares of Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $59.30.
Several analysts have recently weighed in on CDPYF shares. CIBC lifted their target price on shares of Canadian Apartment Properties Real Estate Investment Trust from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, February 26th. BMO Capital Markets boosted their target price on shares of Canadian Apartment Properties Real Estate Investment Trust from $56.50 to $59.00 and gave the company an “outperform” rating in a research note on Friday, February 26th. Raymond James raised shares of Canadian Apartment Properties Real Estate Investment Trust to a “strong-buy” rating in a report on Friday, December 11th. Royal Bank of Canada upped their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust from $59.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, March 1st. Finally, National Bank Financial reiterated an “outperform” rating on shares of Canadian Apartment Properties Real Estate Investment Trust in a research note on Monday, March 1st.
CDPYF stock traded up $0.43 during midday trading on Friday, hitting $43.94. The stock had a trading volume of 8,315 shares, compared to its average volume of 2,566. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $30.23 and a 52 week high of $44.55. The stock has a 50-day simple moving average of $41.86 and a 200 day simple moving average of $38.61.
The company also recently declared a dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be given a dividend of $1.1068 per share. This represents a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, March 30th.
Canadian Apartment Properties Real Estate Investment Trust Company Profile
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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