Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$47.79 and traded as high as C$50.75. Canadian Apartment Properties REIT shares last traded at C$49.80, with a volume of 257,321 shares traded.
Analyst Ratings Changes
Several brokerages have recently weighed in on CAR.UN. Royal Bank of Canada upped their target price on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research report on Friday, August 9th. BMO Capital Markets increased their price objective on shares of Canadian Apartment Properties REIT from C$57.00 to C$61.00 and gave the company an "outperform" rating in a research report on Wednesday, September 18th. TD Securities boosted their target price on shares of Canadian Apartment Properties REIT from C$60.00 to C$62.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. CIBC raised their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a "neutral" rating in a report on Wednesday, September 18th. Finally, Scotiabank dropped their price target on shares of Canadian Apartment Properties REIT from C$55.75 to C$55.50 and set an "outperform" rating on the stock in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$58.38.
View Our Latest Analysis on CAR.UN
Canadian Apartment Properties REIT Stock Down 0.9 %
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 firm's 50 day simple moving average is C$52.53 and its 200 day simple moving average is C$47.79. The company has a market cap of C$8.25 billion, a price-to-earnings ratio of -155.63, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.
Canadian Apartment Properties REIT Company Profile
(
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CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.
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