TD Securities Issues Positive Forecast for Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Price

Canadian Apartment Properties REIT (TSE:CAR.UN - Free Report) had its target price hoisted by TD Securities from C$52.00 to C$53.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

CAR.UN has been the subject of several other research reports. CIBC decreased their target price on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday. Scotiabank cut their target price on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday, November 11th. Raymond James reduced their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a report on Monday, January 13th. 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. Finally, National Bankshares dropped their price target on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$55.06.

Canadian Apartment Properties REIT Stock Performance

CAR.UN stock traded down C$0.41 during midday trading on Tuesday, hitting C$39.79. 173,306 shares of the company traded hands, compared to its average volume of 509,405. The business has a 50 day simple moving average of C$41.54 and a 200-day simple moving average of C$46.83. 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$39.23 and a twelve month high of C$56.71. The stock has a market capitalization of C$6.65 billion, a price-to-earnings ratio of -124.34, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

About Canadian Apartment Properties REIT

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.