Canadian Apartment Properties REIT (TSE:CAR.UN) Reaches New 1-Year Low – Should You Sell?

Canadian Apartment Properties REIT (TSE:CAR.UN)’s stock price reached a new 52-week low on Monday . The company traded as low as C$41.55 and last traded at C$41.72, with a volume of 44621 shares changing hands. The stock had previously closed at C$42.35.

Analyst Ratings Changes

CAR.UN has been the topic of several recent research reports. Raymond James dropped their price objective on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research note on Monday, November 11th. National Bankshares dropped their price target on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th. BMO Capital Markets reduced their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. CIBC boosted their target price on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Finally, Scotiabank reduced their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Apartment Properties REIT has a consensus rating of “Moderate Buy” and an average price target of C$57.17.

Canadian Apartment Properties REIT Trading Down 0.5 %

The firm has a market cap of C$7.04 billion, a price-to-earnings ratio of -131.66, a PEG ratio of -10.12 and a beta of 1.23. The business has a fifty day moving average of C$45.39 and a two-hundred day moving average of C$48.04. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36.

Canadian Apartment Properties REIT Company Profile

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.