Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) to Issue Dividend of $0.10

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) announced a dividend on Thursday, March 24th, investing.com reports. Stockholders of record on Thursday, March 31st will be given a dividend of 0.0956 per share on Monday, April 18th. This represents a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, March 30th. This is an increase from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09.

Shares of OTCMKTS CDPYF opened at $43.51 on Friday. The firm’s 50 day moving average price is $43.13 and its 200-day moving average price is $45.52. Canadian Apartment Properties Real Estate Investment Trust has a 52-week low of $39.75 and a 52-week high of $50.47.

Separately, Raymond James reduced their target price on Canadian Apartment Properties Real Estate Investment Trust from C$70.50 to C$70.00 in a report on Friday, February 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $67.11.

Canadian Apartment Properties Real Estate Investment Trust Company Profile (Get Rating)

Canadian Apartment Properties Real Estate Investment Trust is a mutual fund which owns and operates a portfolio of multi-unit residential rental properties. Its portfolio includes apartments, townhomes, and manufactured housing communities located in and near major urban centres across Canada. The company was founded by Thomas H.

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