Raymond James Raises Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$61.00

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target increased by Raymond James from C$59.00 to C$61.00 in a research report released on Friday, BayStreet.CA reports.

A number of other equities analysts also recently weighed in on CAR.UN. TD Securities lifted their target price on shares of Canadian Apartment Properties REIT from C$60.00 to C$62.00 and gave the stock a buy rating in a research note on Wednesday, September 4th. Royal Bank of Canada boosted their price objective on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. Scotiabank upped their target price on Canadian Apartment Properties REIT from C$54.00 to C$54.25 in a research report on Friday, August 9th. Finally, Cormark lifted their target price on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$57.10.

Canadian Apartment Properties REIT Trading Up 0.1 %

TSE CAR.UN opened at C$53.12 on Friday. The firm has a market capitalization of C$8.88 billion, a PE ratio of -166.00, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The business’s 50-day moving average price is C$49.19 and its two-hundred day moving average price is C$46.75. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. Canadian Apartment Properties REIT has a 12 month low of C$40.52 and a 12 month high of C$54.60.

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.