Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) PT Lowered to C$66.00 at TD Securities

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYFGet Rating) had its price target lowered by TD Securities to C$66.00 in a research note issued to investors on Wednesday, The Fly reports.

A number of other research analysts have also issued reports on CDPYF. Scotiabank upgraded shares of Canadian Apartment Properties Real Estate Investment Trust to an outperform rating in a research note on Monday, April 11th. National Bank Financial cut their price target on shares of Canadian Apartment Properties Real Estate Investment Trust from C$70.50 to C$62.25 in a research note on Wednesday, April 27th. Canaccord Genuity Group cut their price target on shares of 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 note on Wednesday, April 6th. Finally, Raymond James cut their price target on shares of Canadian Apartment Properties Real Estate Investment Trust from C$70.50 to C$70.00 in a research note on Friday, February 25th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of $64.68.

Shares of Canadian Apartment Properties Real Estate Investment Trust stock opened at $37.14 on Wednesday. Canadian Apartment Properties Real Estate Investment Trust has a 12-month low of $35.46 and a 12-month high of $50.47. The firm’s 50 day simple moving average is $40.46 and its two-hundred day simple moving average is $43.22.

The firm also recently disclosed a dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 29th were paid a $0.0957 dividend. The ex-dividend date was Thursday, April 28th. This represents a dividend yield of 2.74%. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.10.

About Canadian Apartment Properties Real Estate Investment Trust (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 Netherlands, and additionally approximately 3,800 suites in Ireland as at September 30, 2020.

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