Canadian Apartment Properties REIT (TSE:CAR.UN) Sets New 52-Week Low – Should You Sell?

Canadian Apartment Properties REIT (TSE:CAR.UN)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$39.23 and last traded at C$39.41, with a volume of 80350 shares changing hands. The stock had previously closed at C$40.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday, November 11th. National Bankshares lowered their price objective on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Raymond James decreased their target price on shares of Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research note on Monday, January 13th. BMO Capital Markets cut their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Finally, TD Securities lowered their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$57.00.

Canadian Apartment Properties REIT Stock Down 0.9 %

The firm has a 50 day moving average of C$42.75 and a two-hundred day moving average of C$47.53. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. The stock has a market capitalization of C$6.71 billion, a PE ratio of -125.44, a P/E/G ratio of -10.12 and a beta of 1.23.

About Canadian Apartment Properties REIT

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities.