Canadian Apartment Properties REIT (CAR.UN) Given New C$36.50 Price Target at Scotiabank

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective upped by Scotiabank from C$35.50 to C$36.50 in a report released on Thursday morning. Scotiabank currently has a sector perform rating on the stock.

A number of other analysts have also issued reports on the company. Raymond James Financial, Inc. raised their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research note on Thursday, August 17th. CIBC raised their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research note on Wednesday, August 16th. Finally, National Bank Financial raised their price target on Canadian Apartment Properties REIT from C$36.25 to C$36.50 and gave the stock an outperform rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$35.56.

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) opened at C$34.65 on Thursday. Canadian Apartment Properties REIT has a 52 week low of C$28.45 and a 52 week high of C$35.26.

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Canadian Apartment Properties REIT Company Profile

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT’s investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio.

Analyst Recommendations for Canadian Apartment Properties REIT (TSE:CAR.UN)

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