Canadian Apartment Properties REIT (TSE:CAR.UN) Given Average Rating of “Moderate Buy” by Brokerages

Canadian Apartment Properties REIT (TSE:CAR.UN) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$55.06.

Several analysts recently commented on the stock. TD Securities raised their price objective on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Raymond James reduced their price target on shares of Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research report on Thursday, February 20th. Finally, CIBC dropped their price objective on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th.

Canadian Apartment Properties REIT Price Performance

Canadian Apartment Properties REIT stock opened at C$43.18 on Friday. The company has a market cap of C$7.22 billion, a P/E ratio of -134.94, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a one year low of C$38.92 and a one year high of C$56.71. The business has a fifty day moving average of C$41.04 and a two-hundred day moving average of C$45.22. 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

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.