Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$50.00 Price Target at CIBC

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) had its price objective cut by stock analysts at CIBC from C$55.00 to C$50.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 25.66% from the stock's current price.

Other analysts have also recently issued reports about the stock. TD Securities lowered 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. BMO Capital Markets decreased their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Scotiabank lowered their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. National Bankshares reduced their price objective on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th. Finally, Raymond James lowered their target price on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$55.06.

Canadian Apartment Properties REIT Price Performance

Shares of TSE:CAR.UN traded down C$0.41 during trading on Tuesday, hitting C$39.79. 173,306 shares of the stock were exchanged, compared to its average volume of 509,405. The company has a market cap of C$6.65 billion, a PE ratio of -124.34, a P/E/G 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. The company has a fifty day moving average price of C$41.54 and a two-hundred day moving average price of C$46.83. Canadian Apartment Properties REIT has a 12-month low of C$39.23 and a 12-month high of C$56.71.

Canadian Apartment Properties REIT Company Profile

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.