National Bankshares Lowers Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$61.50

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective decreased by National Bankshares from C$63.00 to C$61.50 in a research note released on Monday morning,BayStreet.CA reports.

CAR.UN has been the topic of several other research reports. Raymond James cut their price target on Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a report on Monday. CIBC raised their price target on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Scotiabank cut their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday. BMO Capital Markets cut their price target on Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada lifted their target price on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$56.91.

Canadian Apartment Properties REIT Trading Down 0.5 %

Shares of TSE CAR.UN opened at C$44.86 on Monday. The company has a market cap of C$7.50 billion, a price-to-earnings ratio of -140.19, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 12-month low of C$41.92 and a 12-month high of C$56.71. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. The stock’s 50 day simple moving average is C$51.22 and its 200 day simple moving average is C$48.06.

About Canadian Apartment Properties REIT

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.