Canadian Apartment Properties REIT (TSE:CAR.UN – Free Report) had its price objective hoisted by Scotiabank from C$54.25 to C$55.75 in a report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research report on Friday, August 9th. CIBC increased 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. BMO Capital Markets boosted their price objective on Canadian Apartment Properties REIT from C$57.00 to C$61.00 and gave the stock an outperform rating in a research note on Wednesday. Raymond James raised their price objective on Canadian Apartment Properties REIT from C$59.00 to C$61.00 in a research note on Friday, September 6th. Finally, Cormark increased their price target on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$57.81.
Get Our Latest Stock Report on Canadian Apartment Properties REIT
Canadian Apartment Properties REIT Price Performance
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.
Recommended Stories
- Five stocks we like better than Canadian Apartment Properties REIT
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- What Are Dividend Challengers?
- MarketBeat Week in Review – 9/16 – 9/20
- What is Insider Trading? What You Can Learn from Insider Trading
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Canadian Apartment Properties REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Apartment Properties REIT and related companies with MarketBeat.com's FREE daily email newsletter.