Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) PT Raised to C$60.00 at Royal Bank of Canada

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) had its target price raised by Royal Bank of Canada from C$59.00 to C$60.00 in a report issued on Monday morning, The Fly reports.

A number of other analysts also recently issued reports on CDPYF. Scotiabank raised their price target on shares of Canadian Apartment Properties Real Estate Investment Trust to C$55.00 in a report on Friday, February 24th. Raymond James raised their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$60.00 in a report on Friday, February 24th. BMO Capital Markets raised their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$54.00 in a report on Monday, February 27th. National Bank Financial raised their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$59.00 in a report on Tuesday, April 18th. Finally, TD Securities raised their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$61.00 in a report on Friday, February 24th.

Canadian Apartment Properties Real Estate Investment Trust Stock Up 2.4 %

Shares of OTCMKTS CDPYF opened at $37.48 on Monday. The firm’s 50-day moving average price is $35.31 and its 200-day moving average price is $34.26. Canadian Apartment Properties Real Estate Investment Trust has a 52-week low of $27.11 and a 52-week high of $39.33.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were issued a dividend of $0.0903 per share. The ex-dividend date was Thursday, April 27th. This represents a yield of 3.03%. This is an increase from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is currently 39.43%.

About Canadian Apartment Properties Real Estate Investment Trust

(Get Rating)

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.