Canadian Apartment Properties REIT (TSE:CAR.UN) Receives C$56.91 Average PT from Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$56.91.

Several research analysts have recently weighed in on the stock. Raymond James dropped their price target on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research note on Monday, November 11th. BMO Capital Markets cut their price objective on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research note on Monday, November 11th. TD Securities decreased their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. CIBC upped their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada increased their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th.

Canadian Apartment Properties REIT Stock Performance

CAR.UN stock traded up C$0.82 on Monday, hitting C$45.51. The company had a trading volume of 972,520 shares, compared to its average volume of 391,410. 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 has a 12-month low of C$41.92 and a 12-month high of C$56.71. The stock has a market cap of C$7.61 billion, a price-to-earnings ratio of -142.22, a P/E/G ratio of -10.12 and a beta of 1.23. The stock's 50-day simple moving average is C$50.06 and its 200 day simple moving average is C$48.19.

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.