Investment Analysts’ Recent Ratings Changes for Canadian Apartment Properties Real Estate Investment Trust (CDPYF)

A number of research firms have changed their ratings and price targets for Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS: CDPYF):

• 2/27/2023 – Canadian Apartment Properties Real Estate Investment Trust had its price target raised by analysts at BMO Capital Markets to C$54.00.
• 2/24/2023 – Canadian Apartment Properties Real Estate Investment Trust had its price target raised by analysts at National Bank Financial to C$56.00.
• 2/24/2023 – Canadian Apartment Properties Real Estate Investment Trust had its price target raised by analysts at Raymond James to C$60.00.
• 2/24/2023 – Canadian Apartment Properties Real Estate Investment Trust had its price target raised by analysts at Scotiabank to C$55.00.
• 2/24/2023 – Canadian Apartment Properties Real Estate Investment Trust had its price target raised by analysts at Royal Bank of Canada to C$59.00.
• 2/24/2023 – Canadian Apartment Properties Real Estate Investment Trust had its price target raised by analysts at TD Securities to C$61.00.
• 1/30/2023 – Canadian Apartment Properties Real Estate Investment Trust had its price target raised by analysts at National Bank Financial to C$55.00.

Canadian Apartment Properties Real Estate Investment Trust Price Performance

OTCMKTS:CDPYF opened at $34.03 on Friday. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $27.11 and a one year high of $44.31. The firm’s fifty day moving average is $35.87 and its two-hundred day moving average is $33.10.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.0901 dividend. This represents a yield of 2.92%. The ex-dividend date of this dividend was Monday, February 27th. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is 39.43%.

Canadian Apartment Properties Real Estate Investment Trust is an open-ended mutual fund trust, which engages in the management of interests in multi-unit residential real estate properties, including apartments, townhomes, and manufactured home communities. It operates though the Canada and Europe geographical segments.