Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) had its target price raised by National Bank Financial to C$59.00 in a research note issued to investors on Tuesday, The Fly reports.

A number of other brokerages have also recently commented on CDPYF. Raymond James boosted their price objective on Canadian Apartment Properties Real Estate Investment Trust to C$60.00 in a research note on Friday, February 24th. BMO Capital Markets boosted their price target on Canadian Apartment Properties Real Estate Investment Trust to C$54.00 in a research note on Monday, February 27th. TD Securities boosted their price target on Canadian Apartment Properties Real Estate Investment Trust to C$61.00 in a research note on Friday, February 24th. Royal Bank of Canada boosted their price target on Canadian Apartment Properties Real Estate Investment Trust to C$59.00 in a research note on Friday, February 24th. Finally, Scotiabank boosted their price target on Canadian Apartment Properties Real Estate Investment Trust to C$55.00 in a research note on Friday, February 24th.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

Shares of CDPYF opened at $35.58 on Tuesday. The stock's 50-day moving average is $35.43 and its two-hundred day moving average is $33.38. Canadian Apartment Properties Real Estate Investment Trust has a 12 month low of $27.11 and a 12 month high of $42.11.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were issued a $0.0878 dividend. This represents a yield of 3.08%. The ex-dividend date of this dividend was Thursday, March 30th. Canadian Apartment Properties Real Estate Investment Trust's dividend 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.

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