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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) shares were up 1% on Thursday . The stock traded as high as $28.30 and last traded at $28.30. Approximately 11,685 shares traded hands during mid-day 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 Stock Down 1.0 %

The company has a fifty day simple moving average of $28.88 and a two-hundred day simple moving average of $33.55.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

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