Canadian Apartment Properties REIT (TSE:CAR.UN) Given Average Rating of “Moderate Buy” by Analysts

Canadian Apartment Properties REIT (TSE:CAR.UN) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$57.00.

A number of equities analysts have recently issued reports on the company. National Bankshares cut their target price on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research note on Monday, November 11th. Raymond James reduced their target price on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a report on Monday, January 13th. BMO Capital Markets lowered their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research note on Monday, November 11th. Scotiabank reduced their price objective on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday, November 11th. Finally, TD Securities lowered their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th.

Canadian Apartment Properties REIT Stock Down 1.0 %

CAR.UN stock opened at C$40.74 on Friday. The stock has a market capitalization of C$6.81 billion, a PE ratio of -127.31, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The company has a fifty day moving average of C$42.39 and a 200-day moving average of C$47.35. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. Canadian Apartment Properties REIT has a one year low of C$39.23 and a one year high of C$56.71.

Canadian Apartment Properties REIT Company Profile

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities.