Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$61.50 Price Target at National Bankshares

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price decreased by National Bankshares from C$63.00 to C$61.50 in a research report sent to investors on Monday morning,BayStreet.CA reports.

CAR.UN has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a report on Friday, August 9th. CIBC boosted 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 report on Wednesday, September 18th. Scotiabank cut their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday. BMO Capital Markets lowered their price target on shares of Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a report on Monday, October 28th. Finally, TD Securities lowered their price objective on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Canadian Apartment Properties REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of C$56.91.

Canadian Apartment Properties REIT Price Performance

Shares of TSE:CAR.UN opened at C$45.27 on Monday. The company has a market capitalization of C$7.57 billion, a P/E ratio of -141.47, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The company’s 50-day moving average is C$51.07 and its 200 day moving average is C$48.04. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. 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.