Analysts Set Canadian Apartment Properties REIT (TSE:CAR.UN) Target Price at C$56.78

Canadian Apartment Properties REIT (TSE:CAR.UN) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$56.78.

Several equities research analysts have weighed in on CAR.UN shares. Scotiabank dropped their target price on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. TD Securities dropped their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th. BMO Capital Markets dropped their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. Raymond James dropped their target price on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research report on Monday. Finally, National Bankshares decreased their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th.

Canadian Apartment Properties REIT Price Performance

Shares of TSE CAR.UN opened at C$41.08 on Tuesday. Canadian Apartment Properties REIT has a 1-year low of C$40.74 and a 1-year high of C$56.71. 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 business’s fifty day moving average price is C$43.77 and its two-hundred day moving average price is C$47.84. The firm has a market capitalization of C$6.87 billion, a PE ratio of -128.38, a P/E/G ratio of -10.12 and a beta of 1.23.

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.