Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Consensus Rating of "Moderate Buy" from Analysts

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$56.78.

A number of research firms have commented on CAR.UN. Scotiabank reduced 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 raised their price target on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a "neutral" rating in a report on Wednesday, September 18th. TD Securities decreased their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a report on Monday, November 11th. National Bankshares cut their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. Finally, BMO Capital Markets decreased their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th.

Canadian Apartment Properties REIT Stock Performance

Canadian Apartment Properties REIT stock traded down C$0.44 on Tuesday, hitting C$40.92. The company's stock had a trading volume of 684,204 shares, compared to its average volume of 360,949. Canadian Apartment Properties REIT has a one year low of C$40.77 and a one year high of C$56.71. The firm has a market cap of C$6.84 billion, a P/E ratio of -127.88, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The company has a fifty day moving average price of C$44.06 and a 200-day moving average price of C$47.95.

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.