Canadian Apartment Properties REIT Given Sector Perform Rating at Scotiabank (CAR.UN)
Canadian Apartment Properties REIT (TSE:CAR.UN)‘s stock had its “sector perform” rating restated by Scotiabank in a research note issued on Monday. They currently have a C$23.75 price target on the stock.
The company also recently declared a Monthly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.0983 per share. This represents a yield of 5.16%. The ex-dividend date of this dividend is Tuesday, July 29th.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Canadian Apartment Properties REIT from C$24.00 to C$25.00 in a research note on Thursday, May 15th. Separately, analysts at National Bank Financial raised their price target on shares of Canadian Apartment Properties REIT from C$24.75 to C$25.25 in a research note on Thursday, May 15th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Canadian Apartment Properties REIT from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$24.41.
Canadian Apartment Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust.
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