Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$58.00 Price Target at TD Securities

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target reduced by TD Securities from C$62.00 to C$58.00 in a research report report published on Monday,BayStreet.CA reports.

CAR.UN has been the topic of a number of other reports. CIBC raised their price target on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. National Bankshares increased their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a research note on Wednesday, October 9th. Raymond James boosted their price objective on shares of Canadian Apartment Properties REIT from C$59.00 to C$61.00 in a research report on Friday, September 6th. Cormark increased their target price on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research report on Tuesday, August 13th. Finally, BMO Capital Markets reduced their target price on Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$56.91.

Canadian Apartment Properties REIT Trading Up 0.9 %

Shares of CAR.UN stock opened at C$45.27 on Monday. Canadian Apartment Properties REIT has a fifty-two week low of C$41.92 and a fifty-two week high of C$56.71. The company has a 50 day moving average price of C$51.07 and a 200 day moving average price of C$48.04. The stock has a market capitalization of C$7.57 billion, a P/E ratio of -141.47, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36.

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.