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

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$55.06.

A number of research firms have commented on CAR.UN. Scotiabank dropped their price target on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. BMO Capital Markets cut their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. CIBC decreased their price target on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th. TD Securities boosted 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 note on Tuesday, February 18th. Finally, National Bankshares decreased their target price on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th.

Canadian Apartment Properties REIT Trading Up 1.0 %

Shares of TSE:CAR.UN opened at C$41.53 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The company’s 50-day moving average price is C$41.05 and its 200 day moving average price is C$46.26. The company has a market cap of C$6.94 billion, a PE ratio of -129.78, a P/E/G ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a fifty-two week low of C$38.92 and a fifty-two week high of C$56.71.

About Canadian Apartment Properties REIT

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.