Analysts Set Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target at C$57.96

Canadian Apartment Properties REIT (TSE:CAR.UNGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$57.96.

A number of brokerages have commented on CAR.UN. CIBC increased their price target on shares of 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. Royal Bank of Canada increased their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research note on Friday, August 9th. Scotiabank cut their price target on shares of Canadian Apartment Properties REIT from C$55.75 to C$55.50 and set an “outperform” rating for the company in a research note on Wednesday, October 16th. Finally, TD Securities increased their price objective on shares of 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.

View Our Latest Stock Analysis on CAR.UN

Canadian Apartment Properties REIT Stock Performance

Shares of CAR.UN stock opened at C$45.55 on Thursday. The stock has a market cap of C$7.61 billion, a P/E ratio of -142.34, a P/E/G ratio of -10.12 and a beta of 1.23. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. The company has a fifty day moving average price of C$52.16 and a two-hundred day moving average price of C$47.92. Canadian Apartment Properties REIT has a one year low of C$41.92 and a one year high of C$56.71.

About Canadian Apartment Properties REIT

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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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Analyst Recommendations for Canadian Apartment Properties REIT (TSE:CAR.UN)

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