Analysts Set Canadian Apartment Properties REIT (TSE:CAR.UN) PT at C$55.06

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$55.06.

Several equities analysts have recently weighed in on the company. TD Securities lifted their price objective on 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, February 18th. CIBC decreased their price objective on shares of Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th. Finally, Raymond James cut their target price on shares of Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research note on Thursday, February 20th.

Canadian Apartment Properties REIT Price Performance

Shares of Canadian Apartment Properties REIT stock opened at C$40.92 on Wednesday. The stock has a market capitalization of C$6.84 billion, a P/E ratio of -127.88, a PEG ratio of -10.12 and a beta of 1.23. 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 business’s fifty day moving average price is C$41.00 and its 200 day moving average price is C$46.09. Canadian Apartment Properties REIT has a twelve month low of C$38.92 and a twelve month high of C$56.71.

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.