Canadian Apartment Properties REIT (TSE:CAR.UN) has earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$34.79.

Several equities research analysts have recently issued reports on the stock. Scotiabank reiterated a “sector perform” rating and set a C$34.00 price objective on shares of Canadian Apartment Properties REIT in a research report on Tuesday, July 4th. TD Securities lifted their price objective on shares of Canadian Apartment Properties REIT from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Canadian Apartment Properties REIT from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th.

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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.

Analyst Recommendations for Canadian Apartment Properties REIT (TSE:CAR.UN)

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