National Bankshares Raises Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$63.00

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target lifted by equities researchers at National Bankshares from C$58.00 to C$63.00 in a note issued to investors on Wednesday, BayStreet.CA reports.

CAR.UN has been the topic of a number of other reports. Cormark raised their price target on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday, August 13th. TD Securities raised their price target on Canadian Apartment Properties REIT from C$60.00 to C$62.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. BMO Capital Markets raised their price target on Canadian Apartment Properties REIT from C$57.00 to C$61.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Royal Bank of Canada raised their price target on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a report on Friday, August 9th. Finally, Raymond James lifted their target price on Canadian Apartment Properties REIT from C$59.00 to C$61.00 in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$58.40.

Canadian Apartment Properties REIT Stock Performance

The company has a market capitalization of C$8.42 billion, a PE ratio of -159.88, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. Canadian Apartment Properties REIT has a one year low of C$40.52 and a one year high of C$56.71. The company has a 50-day moving average of C$52.23 and a two-hundred day moving average of C$47.59.

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.