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

Shares of Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) have received an average rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $59.30.

Several brokerages have issued reports on CDPYF. BMO Capital Markets raised their price objective on Canadian Apartment Properties Real Estate Investment Trust from $56.50 to $59.00 and gave the stock an “outperform” rating in a report on Friday, February 26th. Raymond James raised shares of Canadian Apartment Properties Real Estate Investment Trust to a “strong-buy” rating in a research note on Friday, December 11th. Royal Bank of Canada increased their price target on shares of Canadian Apartment Properties Real Estate Investment Trust from $59.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. National Bank Financial reiterated an “outperform” rating on shares of Canadian Apartment Properties Real Estate Investment Trust in a report on Monday, March 1st. Finally, CIBC raised their price target on Canadian Apartment Properties Real Estate Investment Trust from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, February 26th.

CDPYF traded up $0.43 during trading on Friday, reaching $43.94. The stock had a trading volume of 8,315 shares, compared to its average volume of 2,566. The stock’s 50 day moving average is $41.86 and its two-hundred day moving average is $38.61. Canadian Apartment Properties Real Estate Investment Trust has a one year low of $30.23 and a one year high of $44.55.

The firm also recently declared a dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be paid a dividend of $1.1068 per share. This represents a dividend yield of 2.58%. The ex-dividend date is Tuesday, March 30th.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

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.

See Also: How is a management fee different from a performance fee?

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

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