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

Canadian Apartment Properties REIT (TSE:CAR.UN) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$57.00.

A number of brokerages have recently commented on CAR.UN. BMO Capital Markets dropped their price target on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. National Bankshares dropped their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Raymond James dropped their price target on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research report on Monday, January 13th. TD Securities dropped their price target on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th. Finally, Scotiabank dropped their price target on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research report on Monday, November 11th.

Canadian Apartment Properties REIT Stock Down 1.7 %

Shares of TSE:CAR.UN opened at C$40.63 on Friday. The company has a market capitalization of C$6.79 billion, a PE ratio of -126.97, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. 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 business has a fifty day moving average price of C$41.85 and a two-hundred day moving average price of C$47.06. Canadian Apartment Properties REIT has a 1 year low of C$39.23 and a 1 year high of C$56.71.

About Canadian Apartment Properties REIT

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.