Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Trading 1% Higher – Still a Buy?

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)’s stock price traded up 1% on Monday . The stock traded as high as $32.15 and last traded at $32.09. 24,459 shares were traded during trading, an increase of 16% from the average session volume of 21,111 shares. The stock had previously closed at $31.77.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

The firm has a 50 day moving average of $36.88 and a two-hundred day moving average of $35.28.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.0906 per share. This represents a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, October 31st. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is presently 39.43%.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.