Canadian Apartment Properties REIT (TSE:CAR.UN) Reaches New 52-Week Low on Analyst Downgrade

Canadian Apartment Properties REIT (TSE:CAR.UN)’s stock price reached a new 52-week low during trading on Tuesday after Raymond James Financial lowered their price target on the stock from C$37.00 to C$36.50. Raymond James Financial currently has an outperform rating on the stock. Canadian Apartment Properties REIT traded as low as C$30.76 and last traded at C$30.76, with a volume of 62,580 shares trading hands. The stock had previously closed at C$31.06.

Several other equities analysts have also issued reports on the company. Canadian Imperial Bank of Commerce dropped their price objective on Canadian Apartment Properties REIT from C$45.00 to C$40.00 in a report on Monday, August 10th. ATB Cormark Capital Markets decreased their target price on Canadian Apartment Properties REIT from C$48.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, Canadian Apartment Properties REIT currently has a consensus rating of “Buy” and an average target price of C$43.21.

Canadian Apartment Properties REIT Stock Performance

The stock’s 50-day moving average is C$31.67 and its 200-day moving average is C$34.78. The stock has a market cap of C$4.67 billion, a price-to-earnings ratio of -14.18, a price-to-earnings-growth ratio of -10.12 and a beta of 0.61. 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 (TSE:CAR.UN) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C($1.14) earnings per share for the quarter. Canadian Apartment Properties REIT had a negative net margin of 4.95% and a negative return on equity of 1.08%. The company had revenue of C$246.62 million during the quarter.

Canadian Apartment Properties REIT Company Profile

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $21.6 million of assets held for sale). For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosures which can be found under our profile at www.sedarplus.ca.