Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Receives Consensus Rating of “Buy” from Brokerages


Shares of Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) have earned a consensus rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $63.45.

CDPYF has been the topic of several recent research reports. Scotiabank dropped their price target on Canadian Apartment Properties Real Estate Investment Trust to C$63.00 in a research report on Thursday, May 19th. Canaccord Genuity Group dropped their price target on Canadian Apartment Properties Real Estate Investment Trust from C$66.00 to C$63.00 and set a “buy” rating on the stock in a research report on Wednesday, April 6th. Desjardins dropped their price target on Canadian Apartment Properties Real Estate Investment Trust to C$65.00 in a research report on Thursday, May 19th. CIBC dropped their price target on Canadian Apartment Properties Real Estate Investment Trust from C$63.00 to C$60.00 in a research report on Wednesday, May 18th. Finally, Royal Bank of Canada dropped their price target on Canadian Apartment Properties Real Estate Investment Trust to C$66.00 in a research report on Wednesday, May 18th.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

Shares of CDPYF stock opened at $36.25 on Monday. Canadian Apartment Properties Real Estate Investment Trust has a 52-week low of $32.53 and a 52-week high of $50.47. The stock’s 50-day moving average price is $35.70 and its 200 day moving average price is $39.87.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be issued a $0.0928 dividend. This represents a yield of 3.23%. The ex-dividend date is Thursday, July 28th.

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 the Netherlands, and additionally approximately 3,800 suites in Ireland as at September 30, 2020.

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Analyst Recommendations for Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)



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