TD Securities Has Lowered Expectations for Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Price

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target lowered by TD Securities from C$62.00 to C$58.00 in a report published on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. Scotiabank decreased their price target on shares of Canadian Apartment Properties REIT from C$55.75 to C$55.50 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets lowered their price target on Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a research report on Monday, October 28th. Royal Bank of Canada raised their price objective on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a report on Friday, August 9th. National Bankshares boosted their target price on Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a report on Wednesday, October 9th. Finally, Cormark raised 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Canadian Apartment Properties REIT currently has an average rating of “Moderate Buy” and a consensus target price of C$56.91.

Canadian Apartment Properties REIT Stock Performance

Canadian Apartment Properties REIT stock opened at C$45.27 on Monday. The stock has a fifty day moving average price of C$51.07 and a 200 day moving average price of C$48.04. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. Canadian Apartment Properties REIT has a 52 week low of C$41.92 and a 52 week high of C$56.71. The firm has a market capitalization of C$7.57 billion, a P/E ratio of -141.47, a PEG ratio of -10.12 and a beta of 1.23.

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.