Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report)'s stock price hit a new 52-week low on Thursday . The stock traded as low as C$39.20 and last traded at C$39.28, with a volume of 497973 shares changing hands. The stock had previously closed at C$40.29.
Analyst Upgrades and Downgrades
Several equities analysts have commented on CAR.UN shares. CIBC lowered their target price on shares of Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th. TD Securities raised their target price on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets lowered their target price on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research note on Monday, November 11th. Raymond James lowered their price objective on shares of Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research note on Thursday, February 20th. Finally, National Bankshares lowered their price objective on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th. One equities 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 company has an average rating of "Moderate Buy" and a consensus target price of C$55.06.
Get Our Latest Stock Analysis on CAR.UN
Canadian Apartment Properties REIT Stock Performance
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 firm has a market cap of C$6.77 billion, a price-to-earnings ratio of -126.63, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The stock has a fifty day moving average price of C$41.15 and a 200 day moving average price of C$46.44.
About Canadian Apartment Properties REIT
(
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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.
Further Reading
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