Canadian Apartment Properties REIT Stock Rating Reaffirmed by Scotiabank (CAR.UN)
Canadian Apartment Properties REIT (TSE:CAR.UN)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Scotiabank in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a C$23.50 price target on the stock.
A number of other analysts have also recently weighed in on CAR.UN. Analysts at Raymond James downgraded shares of Canadian Apartment Properties REIT to a “market perform” rating in a research note on Tuesday. Separately, analysts at National Bank Financial cut their price target on shares of Canadian Apartment Properties REIT from C$25.25 to C$24.75 in a research note on Tuesday, March 4th. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities cut their price target on shares of Canadian Apartment Properties REIT from C$26.00 to C$25.00 in a research note on Tuesday, March 4th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$24.01.
The company also recently announced a Monthly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.087 per share. This represents a dividend yield of 5.43%. The ex-dividend date is Monday, April 28th.
Canadian Apartment Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust.
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