Canadian Apartment Properties REIT (TSE:CAR.UN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$56.91.

CAR.UN has been the subject of a number of research reports. Scotiabank decreased their price objective on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. Raymond James dropped their price objective on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research note on Monday, November 11th. Royal Bank of Canada upped their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a report on Friday, August 9th. Cormark lifted their target price on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday, August 13th. Finally, TD Securities cut their price target on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th.

Canadian Apartment Properties REIT Stock Performance

TSE:CAR.UN opened at C$44.69 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The firm’s fifty day simple moving average is C$50.06 and its 200 day simple moving average is C$48.19. The stock has a market cap of C$7.47 billion, a P/E ratio of -139.66, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a twelve month low of C$41.92 and a twelve month high of C$56.71.

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.