Brokerages Set Canadian Apartment Properties REIT (TSE:CAR.UN) PT at C$57.17

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$57.17.

Several equities analysts recently commented on the stock. 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. CIBC upped their price target on shares of 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. National Bankshares dropped their price target on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Raymond James dropped their price target on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets dropped their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th.

Canadian Apartment Properties REIT Stock Performance

TSE:CAR.UN opened at C$42.56 on Friday. The firm has a 50 day simple moving average of C$46.23 and a 200-day simple moving average of C$48.12. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. The firm has a market cap of C$7.11 billion, a PE ratio of -133.00, a P/E/G ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 1-year low of C$41.67 and a 1-year high of C$56.71.

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.