Canadian Apartment Properties REIT (TSE:CAR.UN) Receives C$57.00 Consensus PT from Analysts

Canadian Apartment Properties REIT (TSE:CAR.UN) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$57.00.

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

Canadian Apartment Properties REIT Price Performance

Shares of CAR.UN opened at C$40.63 on Friday. Canadian Apartment Properties REIT has a 52-week low of C$39.23 and a 52-week high of C$56.71. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. The business’s 50 day moving average price is C$41.85 and its two-hundred day moving average price is C$47.06. The firm has a market cap of C$6.79 billion, a PE ratio of -126.97, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

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.