Analysts Set Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target at C$55.06

Canadian Apartment Properties REIT (TSE:CAR.UN) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$55.06.

Several brokerages have issued reports on CAR.UN. BMO Capital Markets dropped their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. National Bankshares dropped their target price on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Raymond James lowered their price objective on Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research report on Thursday, February 20th. Scotiabank lowered their price objective on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. Finally, TD Securities raised their price objective on Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th.

Canadian Apartment Properties REIT Stock Up 1.0 %

Shares of TSE CAR.UN opened at C$41.53 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. The stock has a market capitalization of C$6.94 billion, a PE ratio of -129.78, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The stock’s fifty day simple moving average is C$41.04 and its two-hundred day simple moving average is C$46.16. Canadian Apartment Properties REIT has a 12-month low of C$38.92 and a 12-month high of C$56.71.

Canadian Apartment Properties REIT Company Profile

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities.