Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Trading Up 1% – Time to Buy?

Shares of Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) were up 1% during trading on Thursday . The company traded as high as $28.30 and last traded at $28.30. Approximately 11,685 shares changed hands during trading, a decline of 69% from the average daily volume of 37,971 shares. The stock had previously closed at $28.02.

Canadian Apartment Properties Real Estate Investment Trust Trading Down 1.0 %

The business has a fifty day moving average price of $28.88 and a 200 day moving average price of $33.55.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.0908 per share. This represents a dividend yield of 3.8%. This is an increase from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. The ex-dividend date is Friday, February 28th. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is presently 39.43%.

About Canadian Apartment Properties Real Estate Investment Trust

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.