Raymond James Cuts Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$54.50

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective cut by Raymond James from C$58.00 to C$54.50 in a report released on Monday morning,BayStreet.CA reports.

CAR.UN has been the subject of a number of other research reports. Scotiabank cut their price objective on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. BMO Capital Markets lowered their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. CIBC increased their price objective on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. TD Securities reduced their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a report on Monday, November 11th. Finally, National Bankshares lowered their price target on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Apartment Properties REIT has an average rating of “Moderate Buy” and a consensus target price of C$56.78.

Canadian Apartment Properties REIT Stock Up 0.7 %

TSE CAR.UN opened at C$41.21 on Monday. Canadian Apartment Properties REIT has a 12 month low of C$40.77 and a 12 month high of C$56.71. 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 stock has a market cap of C$6.89 billion, a PE ratio of -128.78, a P/E/G ratio of -10.12 and a beta of 1.23. The stock’s 50 day moving average is C$43.86 and its 200 day moving average is C$47.89.

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.