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

Canadian Apartment Properties REIT (TSE:CAR.UN) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$57.17.

Several analysts have weighed in on CAR.UN shares. CIBC boosted their price objective on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. TD Securities lowered their price target on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a report on Monday, November 11th. BMO Capital Markets cut their price target on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Scotiabank lowered their price objective on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday, November 11th. Finally, Raymond James cut their target price on Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research note on Monday, November 11th.

Canadian Apartment Properties REIT Stock Performance

TSE:CAR.UN opened at C$42.18 on Friday. The stock has a market cap of C$7.05 billion, a P/E ratio of -131.81, a PEG ratio of -10.12 and a beta of 1.23. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The business’s 50-day moving average price is C$46.40 and its two-hundred day moving average price is C$48.07. Canadian Apartment Properties REIT has a twelve month low of C$41.67 and a twelve month high of C$56.71.

About Canadian Apartment Properties REIT

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.