Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$55.06.
A number of analysts have commented on the company. Raymond James lowered their price target on Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research report on Thursday, February 20th. TD Securities lifted their price target on Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. CIBC reduced their price objective on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th. Scotiabank reduced their price objective on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday, November 11th. Finally, BMO Capital Markets reduced their price objective on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research note on Monday, November 11th.
Check Out Our Latest Report on CAR.UN
Canadian Apartment Properties REIT Stock Up 1.0 %
Shares of Canadian Apartment Properties REIT stock traded up C$0.41 during trading on Wednesday, reaching C$41.53. The company's stock had a trading volume of 337,868 shares, compared to its average volume of 640,767. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The company has a market cap of C$6.94 billion, a price-to-earnings ratio of -129.78, a P/E/G ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 1-year low of C$38.92 and a 1-year high of C$56.71. The company has a 50-day simple moving average of C$41.04 and a two-hundred day simple moving average of C$46.21.
About Canadian Apartment Properties REIT
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Get Free ReportCanadian 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.
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