Brokerages Set Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target at C$57.17

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$57.17.

A number of brokerages recently issued reports on CAR.UN. BMO Capital Markets decreased their target price on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. National Bankshares reduced their price objective on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Scotiabank reduced their price objective on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. Raymond James reduced their price objective on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research report on Monday, November 11th. Finally, CIBC raised their price objective on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th.

Canadian Apartment Properties REIT Stock Up 0.9 %

CAR.UN stock opened at C$42.56 on Friday. 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 fifty-two week low of C$41.67 and a fifty-two week high of C$56.71. The firm’s 50-day simple moving average is C$46.23 and its 200 day simple moving average is C$48.12. The stock has a market cap of C$7.11 billion, a PE ratio of -133.00, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

Canadian Apartment Properties REIT Company Profile

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.