Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Trading Down 0.2% – Should You Sell?

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF)’s stock price traded down 0.2% on Thursday . The company traded as low as $28.10 and last traded at $28.10. 26,418 shares changed hands during mid-day trading, an increase of 157% from the average session volume of 10,288 shares. The stock had previously closed at $28.17.

Canadian Apartment Properties Real Estate Investment Trust Stock Up 0.4%

The company’s fifty day simple moving average is $27.35 and its two-hundred day simple moving average is $28.88.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The firm 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. The ex-dividend date was Friday, November 28th. This represents a yield of 410.0%. Canadian Apartment Properties Real Estate Investment Trust’s payout ratio is currently 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.