Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Canadian Apartment Properties REIT (TSE:CAR.UN) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$46.56.

A number of research firms recently commented on CAR.UN. TD Securities decreased their target price on Canadian Apartment Properties REIT from C$47.00 to C$46.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. TD decreased their target price on Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, May 11th.

Canadian Apartment Properties REIT Trading Up 0.4%

Canadian Apartment Properties REIT stock opened at C$34.23 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. Canadian Apartment Properties REIT has a 52 week low of C$33.15 and a 52 week high of C$46.29. The company has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 4,013.37, a price-to-earnings-growth ratio of -10.12 and a beta of 0.84. The stock has a 50-day moving average price of C$35.66 and a 200 day moving average price of C$36.90.

Canadian Apartment Properties REIT (TSE:CAR.UN) last released its earnings results on Thursday, May 7th. The company reported C($1.19) EPS for the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%.The firm had revenue of C$247.90 million for the quarter.

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.