Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target Lowered to C$52.00 at Raymond James

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price trimmed by Raymond James from C$54.50 to C$52.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on CAR.UN. Scotiabank decreased their target price 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 decreased their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. TD Securities boosted their price objective on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Tuesday. 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. Finally, CIBC lowered their price target on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$55.06.

Canadian Apartment Properties REIT Stock Up 0.7 %

Shares of TSE:CAR.UN opened at C$40.20 on Thursday. 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 firm has a market cap of C$6.72 billion, a price-to-earnings ratio of -125.63, a PEG ratio of -10.12 and a beta of 1.23. The stock’s 50-day moving average price is C$41.54 and its two-hundred day moving average price is C$46.83. Canadian Apartment Properties REIT has a 12-month low of C$39.23 and a 12-month high of C$56.71.

Canadian Apartment Properties REIT Company Profile

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.