Canadian Apartment Properties REIT (TSE:CAR.UN) Reaches New 1-Year Low - Should You Sell?

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as C$41.67 and last traded at C$42.00, with a volume of 60562 shares changing hands. The stock had previously closed at C$42.31.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Scotiabank cut their price target on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. TD Securities reduced their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a report on Monday, November 11th. BMO Capital Markets lowered their price target on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. National Bankshares cut their price objective on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Finally, Raymond James lowered their target price on Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$56.80.

Canadian Apartment Properties REIT Trading Down 0.3 %

The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. The business's fifty day simple moving average is C$46.58 and its 200 day simple moving average is C$48.11. The stock has a market cap of C$7.05 billion, a price-to-earnings ratio of -131.81, a P/E/G ratio of -10.12 and a beta of 1.23.

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.