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.

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

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