BMO Capital Markets Has Lowered Expectations for Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Price

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target cut by BMO Capital Markets from C$56.00 to C$54.00 in a research note published on Monday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the company. CIBC upped their target price on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Raymond James dropped their target price on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a report on Monday. Cormark boosted their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday, August 13th. Royal Bank of Canada increased their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. Finally, TD Securities reduced their price objective on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Canadian Apartment Properties REIT has an average rating of “Moderate Buy” and an average price target of C$56.91.

Canadian Apartment Properties REIT Stock Performance

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