Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$56.30.
A number of research analysts have issued reports on CAR.UN shares. TD Securities reduced their price objective on shares of Canadian Apartment Properties REIT from C$63.00 to C$60.00 in a research report on Wednesday, April 24th. Raymond James decreased their price target on shares of Canadian Apartment Properties REIT from C$60.00 to C$56.60 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada cut their price objective on shares of Canadian Apartment Properties REIT from C$60.00 to C$58.00 in a report on Friday, May 10th. National Bankshares lowered their target price on shares of Canadian Apartment Properties REIT from C$60.00 to C$56.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Scotiabank boosted their target price on Canadian Apartment Properties REIT from C$53.75 to C$54.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th.
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Canadian Apartment Properties REIT Price Performance
About Canadian Apartment Properties REIT
CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.
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