Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$46.56.
Separately, TD dropped their target price on shares of Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating for the company in a research report on Monday, May 11th.
Check Out Our Latest Research Report on CAR.UN
Canadian Apartment Properties REIT Stock Performance
Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported C($1.19) EPS for the quarter. The firm had revenue of C$247.90 million during the quarter. Canadian Apartment Properties REIT had a negative net margin of 4.95% and a negative return on equity of 1.08%.
About Canadian Apartment Properties REIT
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT’s holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants.
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