Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$56.78.

Several equities analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. TD Securities decreased their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th. Scotiabank lowered their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. Raymond James reduced their price objective on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research note on Monday, January 13th. Finally, National Bankshares lowered their target price on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th.

Canadian Apartment Properties REIT Trading Down 0.8 %

TSE CAR.UN opened at C$40.77 on Tuesday. The company has a market capitalization of C$6.82 billion, a price-to-earnings ratio of -127.41, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. Canadian Apartment Properties REIT has a 12 month low of C$40.69 and a 12 month high of C$56.71. The company’s fifty day moving average price is C$43.68 and its two-hundred day moving average price is C$47.84.

About Canadian Apartment Properties REIT

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.