Recent Investment Analysts’ Ratings Changes for Canadian Apartment Properties REIT (CAR.UN)

A number of firms have modified their ratings and price targets on shares of Canadian Apartment Properties REIT (TSE: CAR.UN) recently:

  • 11/18/2019 – Canadian Apartment Properties REIT had its price target raised by analysts at Royal Bank of Canada from C$55.00 to C$58.00. They now have a “sector perform” rating on the stock.
  • 11/15/2019 – Canadian Apartment Properties REIT had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a C$58.00 price target on the stock.
  • 11/15/2019 – Canadian Apartment Properties REIT had its price target raised by analysts at TD Securities from C$61.00 to C$63.00. They now have a “buy” rating on the stock.
  • 11/15/2019 – Canadian Apartment Properties REIT had its price target raised by analysts at CIBC from C$53.00 to C$55.00.
  • 10/16/2019 – Canadian Apartment Properties REIT had its price target raised by analysts at National Bank Financial from C$57.00 to C$61.50. They now have an “outperform” rating on the stock.

TSE CAR.UN opened at C$54.80 on Tuesday. The stock’s 50-day simple moving average is C$54.75 and its two-hundred day simple moving average is C$52.02. Canadian Apartment Properties REIT has a twelve month low of C$43.03 and a twelve month high of C$56.82. The company has a quick ratio of 0.10, a current ratio of 0.18 and a debt-to-equity ratio of 63.43. The company has a market capitalization of $8.79 billion and a price-to-earnings ratio of 5.89.

CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (“MHC”) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.

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