Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$55.06.

A number of brokerages have issued reports on CAR.UN. CIBC decreased their price target on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a report on Tuesday, February 18th. Raymond James lowered their price target on Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a report on Thursday, February 20th. Finally, TD Securities raised their price objective on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th.

Canadian Apartment Properties REIT Price Performance

Canadian Apartment Properties REIT stock opened at C$43.18 on Friday. 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 company has a fifty day simple moving average of C$41.04 and a 200-day simple moving average of C$45.22. The stock has a market cap of C$7.22 billion, a P/E ratio of -134.94, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 12-month low of C$38.92 and a 12-month high of C$56.71.

About Canadian Apartment Properties REIT

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.