Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Shares Down 0.8% – Here’s What Happened

Shares of Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) traded down 0.8% during trading on Friday . The stock traded as low as $27.54 and last traded at $27.54. 8,085 shares traded hands during trading, a decline of 17% from the average session volume of 9,786 shares. The stock had previously closed at $27.75.

Canadian Apartment Properties Real Estate Investment Trust Stock Performance

The firm has a 50 day moving average price of $27.74 and a two-hundred day moving average price of $28.33.

Canadian Apartment Properties Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.0921 dividend. This represents a dividend yield of 410.0%. The ex-dividend date of this dividend 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.