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

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$57.10.

Several research analysts recently commented on CAR.UN shares. BMO Capital Markets boosted their price target on Canadian Apartment Properties REIT from C$52.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Laurentian set a C$55.00 price target on Canadian Apartment Properties REIT and gave the stock a “buy” rating in a research note on Monday, January 22nd. National Bankshares boosted their price objective on Canadian Apartment Properties REIT from C$55.50 to C$60.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Raymond James boosted their price objective on Canadian Apartment Properties REIT from C$56.50 to C$60.00 in a report on Tuesday, February 27th. Finally, TD Securities boosted their price objective on Canadian Apartment Properties REIT from C$61.00 to C$62.00 and gave the company an “action list buy” rating in a report on Monday, February 26th.

Canadian Apartment Properties REIT Trading Down 0.9 %

Shares of CAR.UN opened at C$43.86 on Friday. The stock’s 50-day moving average is C$47.70 and its two-hundred day moving average is C$46.85. The stock has a market cap of C$7.35 billion, a PE ratio of -18.05, a P/E/G ratio of -10.12 and a beta of 1.18. Canadian Apartment Properties REIT has a 12 month low of C$40.52 and a 12 month high of C$54.60. The company has a debt-to-equity ratio of 76.65, a current ratio of 0.19 and a quick ratio of 0.16.

About Canadian Apartment Properties REIT

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.