Canadian Apartment Properties REIT (TSE:CAR.UN) Sets New 1-Year Low – Time to Sell?

Canadian Apartment Properties REIT (TSE:CAR.UN) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$41.67 and last traded at C$42.00, with a volume of 60562 shares trading hands. The stock had previously closed at C$42.31.

Analyst Upgrades and Downgrades

CAR.UN has been the topic of several research analyst reports. Raymond James cut their price target on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research note on Monday, November 11th. National Bankshares reduced their target price on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. Scotiabank decreased their target price on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th. BMO Capital Markets reduced their price objective on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research note on Monday, November 11th. Finally, TD Securities decreased their price objective on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$57.17.

Canadian Apartment Properties REIT Price Performance

The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. The stock has a market capitalization of C$7.11 billion, a PE ratio of -133.00, a P/E/G ratio of -10.12 and a beta of 1.23. The company’s fifty day simple moving average is C$46.23 and its two-hundred day simple moving average is C$48.06.

Canadian Apartment Properties REIT Company Profile

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.