Canadian Apartment Properties REIT (TSE:CAR.UN) PT Lowered to C$56.00 at National Bankshares

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target decreased by National Bankshares from C$60.00 to C$56.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts have also recently commented on the stock. TD Securities raised their price objective on shares of Canadian Apartment Properties REIT from C$61.00 to C$62.00 and gave the company an action list buy rating in a research note on Monday, February 26th. CIBC raised their price objective on shares of Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the company a neutral rating in a research note on Monday, February 26th. BMO Capital Markets raised their price objective on shares of Canadian Apartment Properties REIT from C$52.00 to C$57.00 and gave the company an outperform rating in a research note on Monday, February 26th. Laurentian set a C$55.00 price objective on shares of Canadian Apartment Properties REIT and gave the company a buy rating in a research note on Monday, January 22nd. Finally, Raymond James raised their price objective on shares of Canadian Apartment Properties REIT from C$56.50 to C$60.00 in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$56.37.

Canadian Apartment Properties REIT Stock Up 0.9 %

CAR.UN stock opened at C$43.22 on Wednesday. Canadian Apartment Properties REIT has a one year low of C$40.52 and a one year high of C$54.60. The stock has a market capitalization of C$7.24 billion, a PE ratio of -17.79, a price-to-earnings-growth ratio of -10.12 and a beta of 1.18. The company has a debt-to-equity ratio of 76.65, a quick ratio of 0.16 and a current ratio of 0.19. The company has a fifty day moving average of C$46.65 and a 200-day moving average of C$46.72.

Canadian Apartment Properties REIT Company Profile

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.