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Canadian Apartment Properties REIT (TSE:CAR.UN) has received a consensus rating of “Hold” from the eleven brokerages that are covering the company, American Banking and Market News reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$24.89.

A number of analysts have recently weighed in on CAR.UN shares. 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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