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

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$57.10.

A number of research firms have recently commented on CAR.UN. Laurentian set a C$55.00 price objective on Canadian Apartment Properties REIT and gave the company a “buy” rating in a research report on Monday, January 22nd. Scotiabank dropped 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 report on Monday, March 25th. National Bankshares boosted their price target on Canadian Apartment Properties REIT from C$55.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. CIBC boosted their price target on Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Finally, BMO Capital Markets boosted their price target on Canadian Apartment Properties REIT from C$52.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th.

Canadian Apartment Properties REIT Trading Down 0.4 %

Shares of TSE:CAR.UN opened at C$42.32 on Friday. Canadian Apartment Properties REIT has a 12-month low of C$40.52 and a 12-month high of C$54.60. The company has a market capitalization of C$7.09 billion, a PE ratio of -17.42, a PEG ratio of -10.12 and a beta of 1.18. The business has a 50 day moving average of C$47.29 and a two-hundred day moving average of C$46.77. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 76.65.

About Canadian Apartment Properties REIT

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.