Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have earned a consensus rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$35.41.

CAR.UN has been the subject of a number of research reports. National Bank Financial increased their price target on Canadian Apartment Properties REIT from C$35.50 to C$36.25 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. TD Securities increased their price target on 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. Scotiabank increased their price target on Canadian Apartment Properties REIT from C$32.75 to C$34.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. Royal Bank Of Canada increased their price target on 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. Finally, Raymond James Financial, Inc. increased their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research report on Thursday, August 17th.

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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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