Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Stock Price Down 0.2% – Time to Sell?

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)’s share price dropped 0.2% during trading on Thursday . The stock traded as low as $28.10 and last traded at $28.10. Approximately 26,418 shares were traded during trading, an increase of 157% from the average daily volume of 10,288 shares. The stock had previously closed at $28.17.

Canadian Apartment Properties Real Estate Investment Trust Stock Down 0.2%

The business has a 50 day simple moving average of $27.32 and a 200-day simple moving average of $28.92.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.0921 per share. This represents a yield of 410.0%. The ex-dividend date was Friday, November 28th. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is 39.43%.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS: CDPYF) is one of Canada’s largest publicly traded real estate investment trusts, specializing in the acquisition, ownership and management of residential rental properties. Founded in 1996 and headquartered in Toronto, the trust focuses on delivering stable and growing distributions through investments in multi-family apartment buildings, townhome complexes and manufactured home communities.

CAPREIT’s portfolio spans major metropolitan and regional markets across Canada, including Ontario, Quebec, British Columbia, Alberta and Manitoba.