Canadian Apartment Properties REIT (TSE:CAR.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Canadian Apartment Properties REIT (TSE:CAR.UN) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$46.56.

Separately, TD lowered their price objective on Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating on the stock in a report on Monday, May 11th.

Canadian Apartment Properties REIT Price Performance

Shares of TSE CAR.UN opened at C$35.02 on Friday. The firm has a market cap of C$5.37 billion, a PE ratio of 4,105.99, a PEG ratio of -10.12 and a beta of 0.81. The firm has a fifty day moving average of C$35.00 and a 200 day moving average of C$36.41. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. Canadian Apartment Properties REIT has a one year low of C$33.15 and a one year high of C$45.97.

Canadian Apartment Properties REIT (TSE:CAR.UN) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($1.19) earnings per share (EPS) for the quarter. Canadian Apartment Properties REIT had a negative net margin of 4.95% and a negative return on equity of 1.08%. The company had revenue of C$247.90 million for the quarter.

About Canadian Apartment Properties REIT

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT’s holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants.