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

Canadian Apartment Properties REIT (TSE:CAR.UN) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$57.81.

Several research firms have weighed in on CAR.UN. CIBC increased their price objective on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Raymond James increased their price objective on Canadian Apartment Properties REIT from C$59.00 to C$61.00 in a research report on Friday, September 6th. TD Securities increased their price objective on Canadian Apartment Properties REIT from C$60.00 to C$62.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Cormark increased their target price on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday, August 13th. Finally, BMO Capital Markets increased their target price on Canadian Apartment Properties REIT from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th.

Canadian Apartment Properties REIT Stock Performance

Canadian Apartment Properties REIT has a 12 month low of C$40.52 and a 12 month high of C$56.71. The firm has a fifty day simple moving average of C$52.03 and a two-hundred day simple moving average of C$47.51. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. The company has a market cap of C$8.58 billion, a PE ratio of -163.09, a PEG ratio of -10.12 and a beta of 1.23.

Canadian Apartment Properties REIT Company Profile

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.