Canadian Apartment Properties REIT (TSE:CAR.UN) Receives C$56.78 Average Price Target from Brokerages

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$56.78.

CAR.UN has been the topic of a number of recent analyst reports. Scotiabank reduced their price target on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. BMO Capital Markets dropped their price target on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Raymond James dropped their price target on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a report on Monday, January 13th. TD Securities reduced their price objective on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. Finally, National Bankshares cut their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th.

Canadian Apartment Properties REIT Stock Down 0.6 %

Shares of TSE:CAR.UN opened at C$40.52 on Tuesday. The company’s fifty day moving average is C$43.59 and its 200-day moving average is C$47.84. 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 52 week low of C$40.29 and a 52 week high of C$56.71. The company has a market capitalization of C$6.77 billion, a PE ratio of -126.63, a P/E/G 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.