Canadian Apartment Properties REIT (TSE:CAR.UN) Given Average Rating of "Moderate Buy" by Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$57.00.

A number of analysts have recently issued reports on the company. National Bankshares dropped their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Scotiabank dropped their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. TD Securities dropped their price target on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th. BMO Capital Markets dropped their price target on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. Finally, Raymond James dropped their price target on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research report on Monday, January 13th.

Canadian Apartment Properties REIT Price Performance

CAR.UN stock traded down C$0.26 during mid-day trading on Friday, reaching C$41.37. 271,949 shares of the company traded hands, compared to its average volume of 494,084. 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 company has a market capitalization of C$6.92 billion, a P/E ratio of -129.28, a P/E/G ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 52-week low of C$39.23 and a 52-week high of C$56.71. The company has a fifty day moving average price of C$42.11 and a 200-day moving average price of C$47.20.

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.