Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$57.96.

CAR.UN has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. CIBC boosted their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. BMO Capital Markets reduced their price target on shares of Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a report on Monday. TD Securities upped their price objective on shares of Canadian Apartment Properties REIT from C$60.00 to C$62.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, National Bankshares upped their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a report on Wednesday, October 9th.

Canadian Apartment Properties REIT Trading Down 1.3 %

Shares of CAR.UN stock opened at C$47.20 on Thursday. The firm’s 50 day moving average price is C$52.44 and its two-hundred day moving average price is C$47.92. Canadian Apartment Properties REIT has a fifty-two week low of C$40.76 and a fifty-two week high of C$56.71. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The stock has a market cap of C$7.89 billion, a price-to-earnings ratio of -147.50, 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.