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

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)’s stock price traded up 1% during trading on Thursday . The stock traded as high as $28.30 and last traded at $28.30. 11,685 shares were traded during mid-day trading, a decline of 69% from the average session volume of 37,971 shares. The stock had previously closed at $28.02.

Canadian Apartment Properties Real Estate Investment Trust Trading Up 1.0 %

The company has a fifty day moving average price of $28.94 and a 200 day moving average price of $33.59.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.0908 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. 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.