Canadian Apartment Properties REIT (TSE:CAR.UN) Reaches New 12-Month Low - Time to Sell?

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$38.35 and last traded at C$38.68, with a volume of 78456 shares traded. The stock had previously closed at C$40.15.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CAR.UN shares. Raymond James lowered their target price on shares of Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research note on Thursday, February 20th. TD Securities upped their target price on Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, CIBC dropped their price target on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$55.06.

Canadian Apartment Properties REIT Trading Up 0.8 %

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 stock has a market cap of C$6.56 billion, a PE ratio of -122.59, a PEG ratio of -10.12 and a beta of 1.23. The company's fifty day moving average is C$41.11 and its 200-day moving average is C$44.06.

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.