Brokerages Set Canadian Apartment Properties REIT (TSE:CAR.UN) PT at C$55.06

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$55.06.

Several research firms recently weighed in on CAR.UN. CIBC reduced 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. Raymond James cut their price target on Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a report on Thursday, February 20th. Finally, TD Securities lifted their price target on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th.

Canadian Apartment Properties REIT Stock Performance

CAR.UN stock traded down C$0.71 during midday trading on Friday, hitting C$42.08. 119,356 shares of the company traded hands, compared to its average volume of 604,989. The business has a 50 day simple moving average of C$41.20 and a 200-day simple moving average of C$44.95. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. Canadian Apartment Properties REIT has a twelve month low of C$38.92 and a twelve month high of C$56.71. The stock has a market capitalization of C$7.03 billion, a price-to-earnings ratio of -131.50, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

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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.