Canadian Apartment Properties REIT (TSE:CAR.UN) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the firm. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$34.79.

A number of equities analysts recently issued reports on CAR.UN shares. Scotiabank lifted their target price on Canadian Apartment Properties REIT from C$32.75 to C$34.00 and gave the stock a “sector perform” rating in a report on Thursday, May 11th. TD Securities lifted their target price on Canadian Apartment Properties REIT from C$37.00 to C$38.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Royal Bank of Canada lifted their target price on Canadian Apartment Properties REIT from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Raymond James Financial, Inc. lifted their target price on Canadian Apartment Properties REIT from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, March 2nd. Finally, Eight Capital lifted their target price on Canadian Apartment Properties REIT from C$32.00 to C$33.00 in a report on Wednesday, March 1st.

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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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