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.
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