Canadian Apartment Properties REIT Given Average Rating of “Hold” by Brokerages (TSE:CAR.UN)
Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$24.89.
The company also recently announced a Monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.0983 per share. This represents a dividend yield of 5.16%. The ex-dividend date is Tuesday, July 29th.
A number of research firms have recently commented on CAR.UN. Analysts at BMO Capital Markets raised their price target on shares of Canadian Apartment Properties REIT to C$25.50 in a research note on Tuesday. Separately, analysts at NBF raised their price target on shares of Canadian Apartment Properties REIT from C$25.25 to C$26.50 in a research note on Tuesday. Finally, analysts at Canaccord Genuity raised their price target on shares of Canadian Apartment Properties REIT from C$23.00 to C$25.00 in a research note on Tuesday.
Canadian Apartment Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust.
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