Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target Increased to C$62.00 by Analysts at TD Securities

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective boosted by TD Securities from C$60.00 to C$62.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on CAR.UN. Scotiabank boosted their price target on Canadian Apartment Properties REIT from C$54.00 to C$54.25 in a research report on Friday, August 9th. Cormark upped their target price on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research report on Tuesday, August 13th. Raymond James upped their target price on Canadian Apartment Properties REIT from C$58.00 to C$59.00 and gave the company an outperform rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada boosted their price target on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$57.10.

Canadian Apartment Properties REIT Stock Performance

The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. The firm has a 50-day moving average of C$49.02 and a 200-day moving average of C$46.73. The firm has a market capitalization of C$8.87 billion, a P/E ratio of -165.63, a P/E/G ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 12-month low of C$40.52 and a 12-month high of C$54.60.

About Canadian Apartment Properties REIT

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.