Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF – Get Free Report) dropped 1% during mid-day trading on Tuesday. The stock traded as low as $21.8895 and last traded at $21.8895. Approximately 160,158 shares were traded during mid-day trading, an increase of 404% from the average daily volume of 31,769 shares. The stock had previously closed at $22.10.
Wall Street Analyst Weigh In
Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Canadian Apartment Properties Real Estate Investment Trust in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy”.
Read Our Latest Stock Report on CDPYF
Canadian Apartment Properties Real Estate Investment Trust Price Performance
The stock has a 50 day moving average price of $23.25 and a 200-day moving average price of $24.67.
About Canadian Apartment Properties Real Estate Investment Trust
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canadian real estate investment trust focused on the ownership, management and operation of residential rental properties. Its portfolio has included apartment buildings, townhomes and manufactured home communities, providing housing for individuals, families and seniors.
CAPREIT generates rental income by leasing residential units and land-lease sites, while providing property management, maintenance and resident services.
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