Canadian Apartment Properties REIT (CAR.UN) – Research Analysts’ Weekly Ratings Updates

Canadian Apartment Properties REIT (TSE: CAR.UN) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2024 – Canadian Apartment Properties REIT had its price target lowered by analysts at BMO Capital Markets from C$56.00 to C$54.00.
• 11/11/2024 – Canadian Apartment Properties REIT had its price target lowered by analysts at National Bankshares, Inc. from C$63.00 to C$61.50.
• 11/11/2024 – Canadian Apartment Properties REIT had its price target lowered by analysts at Raymond James from C$59.50 to C$58.00.
• 11/11/2024 – Canadian Apartment Properties REIT had its price target lowered by analysts at Scotiabank from C$55.50 to C$53.00.
• 11/11/2024 – Canadian Apartment Properties REIT had its price target lowered by analysts at TD Securities from C$62.00 to C$58.00.
• 10/28/2024 – Canadian Apartment Properties REIT had its price target lowered by analysts at BMO Capital Markets from C$61.00 to C$56.00.
• 10/16/2024 – Canadian Apartment Properties REIT had its price target lowered by analysts at Scotiabank from C$55.75 to C$55.50. They now have an “outperform” rating on the stock.
• 10/9/2024 – Canadian Apartment Properties REIT had its price target raised by analysts at National Bankshares, Inc. from C$58.00 to C$63.00.
• 9/18/2024 – Canadian Apartment Properties REIT had its price target raised by analysts at Scotiabank from C$54.25 to C$55.75. They now have an “outperform” rating on the stock.
• 9/18/2024 – Canadian Apartment Properties REIT had its price target raised by analysts at BMO Capital Markets from C$57.00 to C$61.00. They now have an “outperform” rating on the stock.
• 9/18/2024 – Canadian Apartment Properties REIT had its price target raised by analysts at CIBC from C$55.00 to C$58.00. They now have a “neutral” rating on the stock.

Canadian Apartment Properties REIT Stock Performance

Canadian Apartment Properties REIT stock opened at C$45.09 on Wednesday. The firm’s 50 day simple moving average is C$51.37 and its 200 day simple moving average is C$48.08. 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 firm has a market capitalization of C$7.54 billion, a PE ratio of -140.91, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a 1-year low of C$41.92 and a 1-year high of C$56.71.

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.