Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Rating) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,848,800 shares, a decrease of 6.8% from the March 31st total of 1,983,600 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is currently 3,697.6 days.
Wall Street Analyst Weigh In
CDPYF has been the subject of several analyst reports. Scotiabank increased their price target on shares of Canadian Apartment Properties Real Estate Investment Trust to C$55.00 in a research report on Friday, February 24th. National Bank Financial increased their price target on shares of Canadian Apartment Properties Real Estate Investment Trust to C$59.00 in a research report on Tuesday, April 18th. TD Securities increased their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$61.00 in a research report on Friday, February 24th. Royal Bank of Canada increased their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$59.00 in a research report on Friday, February 24th. Finally, BMO Capital Markets increased their price objective on shares of Canadian Apartment Properties Real Estate Investment Trust to C$54.00 in a research report on Monday, February 27th.
Get Canadian Apartment Properties Real Estate Investment Trust alerts:Canadian Apartment Properties Real Estate Investment Trust Stock Up 0.2 %
Shares of OTCMKTS CDPYF opened at $36.16 on Thursday. Canadian Apartment Properties Real Estate Investment Trust has a 12 month low of $27.11 and a 12 month high of $39.33. The firm's 50 day simple moving average is $35.20 and its 200-day simple moving average is $33.85.
Canadian Apartment Properties Real Estate Investment Trust Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 28th will be paid a dividend of $0.0903 per share. This is a boost from Canadian Apartment Properties Real Estate Investment Trust's previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 3.03%. Canadian Apartment Properties Real Estate Investment Trust's dividend payout ratio (DPR) is presently 39.43%.
Canadian Apartment Properties Real Estate Investment Trust Company Profile
(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.
Further Reading
- Get a free copy of the StockNews.com research report on Canadian Apartment Properties Real Estate Investment Trust (CDPYF)
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