Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$54.00 Price Target at BMO Capital Markets

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective trimmed by BMO Capital Markets from C$56.00 to C$54.00 in a research note released on Monday morning,BayStreet.CA reports.

CAR.UN has been the subject of several other reports. Cormark increased their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research report on Tuesday, August 13th. Royal Bank of Canada lifted their price target on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research report on Friday, August 9th. Raymond James reduced their price target on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research report on Monday. Scotiabank cut their price objective on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday. Finally, TD Securities reduced their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$56.91.

Canadian Apartment Properties REIT Stock Down 0.7 %

Canadian Apartment Properties REIT stock opened at C$44.99 on Monday. The business has a fifty day moving average price of C$51.51 and a 200-day moving average price of C$48.06. Canadian Apartment Properties REIT has a 1-year low of C$41.92 and a 1-year high of C$56.71. The stock has a market capitalization of C$7.52 billion, a price-to-earnings ratio of -140.59, a PEG 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.

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.