Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$58.00 Price Target at TD Securities

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target dropped by analysts at TD Securities from C$62.00 to C$58.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 28.89% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. CIBC boosted their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Raymond James upped their price objective on shares of Canadian Apartment Properties REIT from C$59.00 to C$61.00 in a research note on Friday, September 6th. Scotiabank dropped their price objective on shares of Canadian Apartment Properties REIT from C$55.75 to C$55.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. National Bankshares upped their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a research note on Wednesday, October 9th. Finally, Cormark upped their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$56.91.

Canadian Apartment Properties REIT Trading Down 0.7 %

Shares of CAR.UN stock traded down C$0.30 during trading hours on Monday, reaching C$45.00. 283,156 shares of the stock traded hands, compared to its average volume of 384,239. Canadian Apartment Properties REIT has a 1-year low of C$41.92 and a 1-year high of C$56.71. The business has a fifty day moving average price of C$51.65 and a 200 day moving average price of C$48.05. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The firm has a market capitalization of C$7.52 billion, a PE ratio of -140.31, a PEG ratio of -10.12 and a beta of 1.23.

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.