Canadian Apartment Properties REIT (TSE:CAR.UN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$57.17.

A number of analysts recently weighed in on the stock. Raymond James decreased 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. National Bankshares decreased their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. TD Securities reduced their price objective on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. BMO Capital Markets reduced 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. Finally, CIBC boosted their price objective 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.

Canadian Apartment Properties REIT Trading Up 0.9 %

Shares of CAR.UN traded up C$0.38 during mid-day trading on Friday, reaching C$42.56. The company had a trading volume of 1,284,591 shares, compared to its average volume of 409,965. Canadian Apartment Properties REIT has a fifty-two week low of C$41.67 and a fifty-two week high of C$56.71. The firm has a fifty day simple moving average of C$46.40 and a 200-day simple moving average of C$48.07. The stock has a market cap of C$7.11 billion, a price-to-earnings ratio of -133.00, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05.

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.