CIBC Has Lowered Expectations for Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Price

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target decreased by CIBC from C$55.00 to C$50.00 in a research note released on Tuesday morning,BayStreet.CA reports.

A number of other research analysts have also commented on the company. Raymond James lowered their price objective on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a report on Monday, January 13th. National Bankshares lowered their price objective on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. BMO Capital Markets lowered their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. TD Securities lowered their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a report on Monday, November 11th. Finally, Scotiabank decreased their price objective on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Apartment Properties REIT presently has an average rating of “Moderate Buy” and a consensus target price of C$55.38.

Canadian Apartment Properties REIT Stock Down 0.3 %

CAR.UN opened at C$40.52 on Tuesday. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. The company has a market capitalization of C$6.77 billion, a PE ratio of -126.63, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The business has a 50-day moving average of C$41.78 and a 200-day moving average of C$46.98. Canadian Apartment Properties REIT has a fifty-two week low of C$39.23 and a fifty-two week high of C$56.71.

Canadian Apartment Properties REIT Company Profile

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.