Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as C$41.58 and last traded at C$41.66, with a volume of 212886 shares traded. The stock had previously closed at C$42.70.
Analyst Ratings Changes
CAR.UN has been the topic of several recent analyst reports. TD Securities reduced their price target on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. Raymond James decreased 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. National Bankshares dropped their price objective on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th. CIBC upped their target price on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a "neutral" rating in a report on Wednesday, September 18th. Finally, Scotiabank cut their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$57.17.
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Canadian Apartment Properties REIT Stock Performance
The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. The firm's 50-day moving average price is C$44.24 and its two-hundred day moving average price is C$47.91. The stock has a market cap of C$6.97 billion, a price-to-earnings ratio of -130.34, a PEG ratio of -10.12 and a beta of 1.23.
About Canadian Apartment Properties REIT
(
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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.
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