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

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$39.23 and last traded at C$39.41, with a volume of 80350 shares traded. The stock had previously closed at C$40.51.

Analyst Upgrades and Downgrades

CAR.UN has been the topic of a number of research reports. TD Securities decreased their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. Scotiabank dropped their target price on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. National Bankshares reduced their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. Raymond James dropped their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research note on Monday, January 13th. Finally, BMO Capital Markets reduced their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report 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 company's stock. Based on data from MarketBeat, Canadian Apartment Properties REIT currently has an average rating of "Moderate Buy" and a consensus price target of C$57.00.

Canadian Apartment Properties REIT Stock Performance

The firm has a fifty day simple moving average of C$42.48 and a 200-day simple moving average of C$47.39. 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$6.88 billion, a PE ratio of -128.63, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

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.