Raymond James Has Lowered Expectations for Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Price

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target decreased by Raymond James from C$54.50 to C$52.00 in a note issued to investors on Thursday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 30.62% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. National Bankshares lowered their price objective on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th. CIBC dropped their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday. BMO Capital Markets cut their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Scotiabank decreased their price objective on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. Finally, TD Securities boosted their price objective on Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Apartment Properties REIT currently has an average rating of “Moderate Buy” and a consensus target price of C$55.06.

Canadian Apartment Properties REIT Price Performance

Canadian Apartment Properties REIT stock opened at C$39.81 on Thursday. The firm has a fifty day moving average of C$41.46 and a 200-day moving average of C$46.76. 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 52-week low of C$39.23 and a 52-week high of C$56.71. The firm has a market capitalization of C$6.65 billion, a P/E ratio of -124.41, a PEG ratio of -10.12 and a beta of 1.23.

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.