Canadian Apartment Properties REIT (CAR.UN) Earns “Outperform” Rating from BMO Capital Markets
Canadian Apartment Properties REIT (TSE:CAR.UN)‘s stock had its “outperform” rating reissued by stock analysts at BMO Capital Markets in a report issued on Thursday.
Several other equities analysts also recently weighed in on the company. Scotiabank restated a “sector perform” rating and set a C$31.50 price target on shares of Canadian Apartment Properties REIT in a report on Monday, July 4th. Royal Bank Of Canada restated an “outperform” rating and set a C$33.00 price target on shares of Canadian Apartment Properties REIT in a report on Wednesday, July 6th. TD Securities raised their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Raymond James Financial Inc. upgraded Canadian Apartment Properties REIT from a “market perform” rating to an “outperform” rating and set a C$32.00 price target for the company in a report on Monday, September 19th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$32.67.
About Canadian Apartment Properties REIT
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT’s investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio.
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