Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$47.79 and traded as high as C$50.75. Canadian Apartment Properties REIT shares last traded at C$49.80, with a volume of 257,321 shares traded.
Wall Street Analyst Weigh In
CAR.UN has been the subject of a number of research reports. TD Securities lifted their price target on Canadian Apartment Properties REIT from C$60.00 to C$62.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. National Bankshares lifted their target price on Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a research report on Wednesday, October 9th. CIBC boosted their target price on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Royal Bank of Canada raised their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. Finally, Raymond James lifted their price objective on shares of Canadian Apartment Properties REIT from C$59.00 to C$61.00 in a report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$58.38.
Read Our Latest Report on Canadian Apartment Properties REIT
Canadian Apartment Properties REIT Price Performance
Canadian Apartment Properties REIT Company Profile
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.
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