Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$53.00 Price Target at TD Securities

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective lifted by TD Securities from C$52.00 to C$53.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also commented on CAR.UN. Scotiabank decreased their target price on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. Raymond James decreased their price objective on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a report on Monday, January 13th. National Bankshares decreased their price objective on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. BMO Capital Markets decreased their price objective on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Finally, CIBC decreased their price objective on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$55.38.

Canadian Apartment Properties REIT Stock Performance

Shares of Canadian Apartment Properties REIT stock opened at C$40.52 on Tuesday. Canadian Apartment Properties REIT has a one year low of C$39.23 and a one year high of C$56.71. The firm has a market capitalization of C$6.77 billion, a price-to-earnings ratio of -126.63, a PEG ratio of -10.12 and a beta of 1.23. The business has a 50-day simple moving average of C$41.78 and a 200 day simple moving average of C$46.98. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16.

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.