Canadian Apartment Properties REIT (CAR.UN) Price Target Raised to C$36.25 at National Bank Financial
Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price upped by stock analysts at National Bank Financial from C$35.50 to C$36.25 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the stock.
A number of other research analysts have also issued reports on the stock. Scotiabank upped their price target on shares of Canadian Apartment Properties REIT from C$34.00 to C$35.50 and gave the company a “sector perform” rating in a research note on Wednesday. CIBC upped their price target on shares of Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research note on Wednesday. TD Securities upped their price target 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 note on Thursday, May 11th. Finally, Royal Bank Of Canada upped their price target 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 note on Thursday, May 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$35.28.
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Canadian Apartment Properties REIT Company Profile
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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