Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target Cut to C$60.00 by Analysts at TD Securities

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price lowered by research analysts at TD Securities from C$63.00 to C$60.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 40.09% from the company’s current price.

Several other analysts also recently issued reports on CAR.UN. Scotiabank reduced their price target on Canadian Apartment Properties REIT from C$55.00 to C$53.75 and set an “outperform” rating for the company in a research note on Monday, March 25th. BMO Capital Markets boosted their price target on Canadian Apartment Properties REIT from C$52.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. National Bankshares reduced their price target on Canadian Apartment Properties REIT from C$60.00 to C$56.00 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James reduced their price target on Canadian Apartment Properties REIT from C$60.00 to C$56.60 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Laurentian set a C$55.00 price target on Canadian Apartment Properties REIT and gave the company a “buy” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$56.37.

Canadian Apartment Properties REIT Stock Down 0.4 %

CAR.UN stock opened at C$42.83 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 76.65. The firm has a market capitalization of C$7.18 billion, a PE ratio of -17.63, a PEG ratio of -10.12 and a beta of 1.18. Canadian Apartment Properties REIT has a 1-year low of C$40.52 and a 1-year high of C$54.60. The business’s 50 day simple moving average is C$46.79 and its 200 day simple moving average is C$46.74.

Canadian Apartment Properties REIT Company Profile

CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (?MHC?) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.