Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$58.00 Price Target at Raymond James

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price lowered by investment analysts at Raymond James from C$59.50 to C$58.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ target price points to a potential upside of 28.63% from the company’s current price.

CAR.UN has been the topic of a number of other reports. Cormark raised their price target on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research note on Tuesday, August 13th. Scotiabank cut their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday. National Bankshares raised their price target on Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a research note on Wednesday, October 9th. BMO Capital Markets cut their price target on Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a research note on Monday, October 28th. Finally, TD Securities cut their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Canadian Apartment Properties REIT has an average rating of “Moderate Buy” and a consensus price target of C$56.91.

Canadian Apartment Properties REIT Trading Up 0.2 %

TSE:CAR.UN opened at C$45.09 on Monday. Canadian Apartment Properties REIT has a 12-month low of C$41.92 and a 12-month high of C$56.71. 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 cap 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. The stock has a fifty day moving average price of C$51.37 and a 200 day moving average price of C$48.08.

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.