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Canadian Apartment Properties REIT (TSE:CAR.UN) announced a dividend on Thursday, May 15th, StockRatingsNetwork.com reports. Investors of record on Friday, May 30th will be paid a dividend of 0.0881 per share on Monday, June 16th. The ex-dividend date is Wednesday, May 28th.

A number of research firms have recently commented on CAR.UN. Analysts at RBC Capital raised their price target on shares of Canadian Apartment Properties REIT from C$24.00 to C$25.00 in a research note on Thursday, May 15th. On a related note, analysts at National Bank Financial raised their price target on shares of Canadian Apartment Properties REIT from C$24.75 to C$25.25 in a research note on Thursday, May 15th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Canadian Apartment Properties REIT from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Canadian Apartment Properties REIT presently has a consensus rating of “Buy” and a consensus price target of C$24.38.

Canadian Apartment Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust.

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