Analysts Set Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target at C$56.91

Canadian Apartment Properties REIT (TSE:CAR.UN) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$56.91.

Several research analysts 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 report on Monday, November 11th. CIBC lifted their target price on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. TD Securities cut their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th. Cormark lifted their target price on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research report on Tuesday, August 13th. Finally, Raymond James cut their price objective on Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research report on Monday, November 11th.

Canadian Apartment Properties REIT Trading Up 0.5 %

Shares of Canadian Apartment Properties REIT stock opened at C$45.85 on Monday. 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$41.92 and a 52 week high of C$56.71. The stock has a 50 day moving average price of C$49.23 and a two-hundred day moving average price of C$48.17. The stock has a market capitalization of C$7.66 billion, a PE ratio of -142.53, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

About Canadian Apartment Properties REIT

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.