Canadian Apartment Properties REIT (TSE:CAR.UN) Receives C$56.78 Average PT from Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$56.78.

Several research analysts recently weighed in on CAR.UN shares. TD Securities reduced their price objective on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. National Bankshares decreased 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. Raymond James lowered their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research report on Monday, January 13th. BMO Capital Markets reduced their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Finally, Scotiabank lowered their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th.

Canadian Apartment Properties REIT Trading Down 0.6 %

TSE:CAR.UN opened at C$40.52 on Tuesday. The firm has a market capitalization of C$6.77 billion, a price-to-earnings ratio of -126.63, a PEG ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 1-year low of C$40.29 and a 1-year high of C$56.71. The business’s 50-day moving average price is C$43.59 and its two-hundred day moving average price is C$47.84. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05.

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.