National Bankshares Cuts Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$56.00

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price reduced by National Bankshares from C$60.00 to C$56.00 in a research report report published on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

CAR.UN has been the subject of several other research reports. CIBC lifted their target price on shares of Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the company a neutral rating in a report on Monday, February 26th. Raymond James boosted their price target on shares of Canadian Apartment Properties REIT from C$56.50 to C$60.00 in a research note on Tuesday, February 27th. BMO Capital Markets boosted their price target on shares of Canadian Apartment Properties REIT from C$52.00 to C$57.00 and gave the stock an outperform rating in a research note on Monday, February 26th. Laurentian set a C$55.00 price target on shares of Canadian Apartment Properties REIT and gave the stock a buy rating in a research note on Monday, January 22nd. Finally, Scotiabank dropped their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$53.75 and set an outperform rating for the company in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$56.37.

Canadian Apartment Properties REIT Stock Up 0.9 %

Canadian Apartment Properties REIT stock opened at C$43.22 on Wednesday. Canadian Apartment Properties REIT has a fifty-two week low of C$40.52 and a fifty-two week high of C$54.60. The company has a debt-to-equity ratio of 76.65, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a 50 day moving average price of C$46.50 and a 200 day moving average price of C$46.70. The company has a market capitalization of C$7.24 billion, a PE ratio of -17.79, a price-to-earnings-growth ratio of -10.12 and a beta of 1.18.

About Canadian Apartment Properties REIT

CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (“MHC”) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.