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

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$57.00.

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

Canadian Apartment Properties REIT Trading Down 1.0 %

Shares of CAR.UN stock opened at C$40.74 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. Canadian Apartment Properties REIT has a fifty-two week low of C$39.23 and a fifty-two week high of C$56.71. The firm’s 50 day moving average price is C$42.39 and its two-hundred day moving average price is C$47.35. The stock has a market cap of C$6.81 billion, a price-to-earnings ratio of -127.31, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

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.