Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$54.00 Price Target at BMO Capital Markets

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target reduced by BMO Capital Markets from C$56.00 to C$54.00 in a report released on Monday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. National Bankshares lowered their price target on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday. Scotiabank dropped their target price on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday. Cormark boosted their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research note on Tuesday, August 13th. CIBC lifted their price objective on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 18th. Finally, Raymond James cut their target price on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a report on Monday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$56.91.

Canadian Apartment Properties REIT Stock Up 0.9 %

CAR.UN opened at C$45.27 on Monday. Canadian Apartment Properties REIT has a 1-year low of C$41.92 and a 1-year high of C$56.71. The firm’s 50 day simple moving average is C$51.07 and its two-hundred day simple moving average is C$48.04. The company has a market capitalization of C$7.57 billion, a PE ratio of -141.47, a PEG ratio of -10.12 and a beta of 1.23. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05.

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.