Canadian Apartment Properties REIT (TSE:CAR.UN – Free Report) had its price objective reduced by Scotiabank from C$55.75 to C$55.50 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
Other equities analysts also recently issued reports about the company. BMO Capital Markets raised their price target on Canadian Apartment Properties REIT from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. TD Securities lifted their target price on Canadian Apartment Properties REIT from C$60.00 to C$62.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. National Bankshares lifted their target price on Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their target price on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research report on Friday, August 9th. Finally, Cormark lifted their target price on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Apartment Properties REIT currently has an average rating of “Moderate Buy” and a consensus price target of C$58.38.
View Our Latest Analysis on CAR.UN
Canadian Apartment Properties REIT Stock Performance
About Canadian Apartment Properties REIT
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.
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