Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Gets Price Target Cut from Raymond James Financial

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price decreased by Raymond James Financial from C$37.00 to C$36.50 in a research report released on Monday morning,BayStreet reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the company. ATB Cormark Capital Markets dropped their price target on Canadian Apartment Properties REIT from C$48.00 to C$43.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Canadian Apartment Properties REIT from C$45.00 to C$40.00 in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$42.10.

Canadian Apartment Properties REIT Stock Performance

TSE:CAR.UN opened at C$30.76 on Monday. The stock has a fifty day moving average price of C$31.60 and a 200-day moving average price of C$34.70. The company has a market cap of C$4.68 billion, a price-to-earnings ratio of -14.22, a PEG ratio of -10.12 and a beta of 0.61. 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 fifty-two week low of C$30.55 and a fifty-two week high of C$40.01.

Canadian Apartment Properties REIT (TSE:CAR.UN) last released its earnings results on Wednesday, November 4th. The company reported C($1.14) earnings per share (EPS) for the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%. The company had revenue of C$246.62 million for the quarter.

Canadian Apartment Properties REIT Company Profile

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $21.6 million of assets held for sale). For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosures which can be found under our profile at www.sedarplus.ca.