Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$61.00 Price Target at Raymond James

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target boosted by equities researchers at Raymond James from C$59.00 to C$61.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports.

Several other brokerages have also commented on CAR.UN. Cormark upped their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research report on Tuesday, August 13th. Scotiabank increased their price objective on shares of Canadian Apartment Properties REIT from C$54.00 to C$54.25 in a research note on Friday, August 9th. Royal Bank of Canada increased their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. Finally, TD Securities raised their price target 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$57.10.

Canadian Apartment Properties REIT Stock Performance

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 has a market capitalization of C$8.87 billion, a P/E ratio of -165.63, a P/E/G ratio of -10.12 and a beta of 1.23. The business’s 50 day moving average is C$49.02 and its 200-day moving average is C$46.73. Canadian Apartment Properties REIT has a fifty-two week low of C$40.52 and a fifty-two week high of C$54.60.

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.