Should I buy or sell Canadian Apartment Properties REIT stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Apartment Properties REIT in the last year. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CAR.UN shares. View CAR.UN analyst ratings or view top-rated stocks .

What is Canadian Apartment Properties REIT's stock price target for 2024?

12 analysts have issued 12-month target prices for Canadian Apartment Properties REIT's shares. Their CAR.UN share price targets range from C$53.50 to C$62.00. On average, they expect the company's share price to reach C$57.10 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price. View analysts price targets for CAR.UN or view top-rated stocks among Wall Street analysts .

How have CAR.UN shares performed in 2024?

Canadian Apartment Properties REIT's stock was trading at C$48.80 at the start of the year. Since then, CAR.UN shares have decreased by 12.6% and is now trading at C$42.67. View the best growth stocks for 2024 here .

Is Canadian Apartment Properties REIT a good dividend stock?

Canadian Apartment Properties REIT (TSE:CAR.UN) pays an annual dividend of C$1.45 per share and currently has a dividend yield of 3.26%. Read our dividend analysis for CAR.UN .

What ETFs hold Canadian Apartment Properties REIT's stock?

ETFs with the largest weight of Canadian Apartment Properties REIT (TSE:CAR.UN) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE) , Invesco Real Assets ESG ETF (IVRA) , X-trackers International Real Estate ETF (HAUZ) , SPDR Dow Jones International Real Estate ETF (RWX) , IQ CBRE NextGen Real Estate ETF (ROOF) and Schwab International Small-Cap Equity ETF (SCHC) . Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) .

How do I buy shares of Canadian Apartment Properties REIT?

Shares of CAR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:CAR.UN

Canadian Apartment Properties REIT (CAR.UN) Stock Price, News & Analysis

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Free CAR.UN Stock Alerts

C$42.67

+0.35 (+0.83%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$42.27
▼
C$42.90
50-Day Range: C$42.32
▼
C$50.44
52-Week Range: C$40.52
▼
C$54.60

Volume: 534,764 shs
Average Volume: 393,376 shs
Market Capitalization: C$7.15 billion

P/E Ratio: N/A
Dividend Yield: 3.40%
Price Target: C$57.10

Stock Analysis Analyst Forecasts Chart Competitors Headlines

Get Canadian Apartment Properties REIT alerts:

Canadian Apartment Properties REIT MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.92 Rating Score
Upside/Downside: 33.8% Upside
C$57.10 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.45
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.76 out of 5 stars

4.5

Analyst's Opinion

Consensus Rating
Canadian Apartment Properties REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Canadian Apartment Properties REIT has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CAR.UN.

0.8

Dividend Strength

Dividend Yield
Canadian Apartment Properties REIT pays a meaningful dividend of 3.26%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Canadian Apartment Properties REIT does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CAR.UN.

1.9

News and Social Media Coverage

News Sentiment
Canadian Apartment Properties REIT has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Canadian Apartment Properties REIT this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Canadian Apartment Properties REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Apartment Properties REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.37% of the stock of Canadian Apartment Properties REIT is held by insiders.
Percentage Held by Institutions
42.52% of the stock of Canadian Apartment Properties REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Apartment Properties REIT is -17.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Apartment Properties REIT is -17.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Canadian Apartment Properties REIT, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Canadian Apartment Properties REIT has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Canadian Apartment Properties REIT Stock (TSE:CAR.UN)

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.

CAR.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CAR.UN Stock News Headlines

April 14, 2024 | americanbankingnews.com

Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

April 13, 2024 | yahoo.com

Developers to Get Cheap Land Leases in Canadian Homebuilding Push

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 5, 2024 | msn.com

A Stellar REIT to Buy and Hold for the Long Term

March 27, 2024 | msn.com

2 Monthly Dividend Stocks Passive-Income Investors Should Own in April

March 13, 2024 | fool.ca

REIT Investors: Which Real Estate Sector Is Best?

March 6, 2024 | msn.com

TFSA Investors: 2 Top Stock Picks for March 2024

February 29, 2024 | ca.finance.yahoo.com

Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO)

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

February 2, 2024 | msn.com

3 Top TSX REITs Worth Buying in January 2024

January 19, 2024 | theglobeandmail.com

Hey, why didn’t I get any cash or shares in my ‘special distribution’?

November 29, 2023 | msn.com

2 REITs to Watch as Rates Retreat Next Year

November 20, 2023 | msn.com

The Top Canadian REITs to Buy in November 2023

November 17, 2023 | ca.finance.yahoo.com

Navigating the World of REITs: Dividend Gems in the Canadian Real Estate Sector

November 3, 2023 | morningstar.com

Canadian Net REIT NET.UN

October 29, 2023 | investing.com

CAR_u Historical Data

October 23, 2023 | msn.com

3 Places With the Lowest Property Taxes in Canada

October 5, 2023 | msn.com

3 Stocks to Fight Back Inflation

September 13, 2023 | msn.com

Here’s a Better Way to Invest in Canadian Real Estate Instead of Canadian Apartment Properties REIT

August 8, 2023 | markets.businessinsider.com

Canadian Apartment (CAR.UN) Received its Third Buy in a Row

August 8, 2023 | markets.businessinsider.com

Desjardins Keeps a Buy Rating on Canadian Apartment (CAR.UN)

July 10, 2023 | msn.com

5 Canadian Stocks for Beginners in July 2023

July 6, 2023 | msn.com

Become a “Lazy Landlord” With These 3 Dividend Stocks

June 20, 2023 | ca.finance.yahoo.com

2 Canadian Real Estate Stocks for Stability and Growth Potential

June 8, 2023 | ca.finance.yahoo.com

2 REITs You Can Safely Buy Even When the Housing Market Does Whatever

May 25, 2023 | msn.com

Why These TSX Stocks Are the Best Way to Play the Real Estate Market

May 19, 2023 | msn.com

Passive-Income Power Play: 2 Canadian Stocks That Are Getting Cheap

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: REIT - Residential
Sub-Industry: N/A
Current Symbol: TSE:CAR.UN
CUSIP: N/A
CIK: N/A
Web: www.caprent.com
Phone: +1-416-8619404
Fax: N/A
Employees: 908
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$57.10
High Stock Price Target: C$62.00
Low Stock Price Target: C$53.50
Potential Upside/Downside: +33.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.92
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($2.43)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 16.20
P/E Growth: -10.12
Net Income: C$-411,570,000.00
Net Margins: -38.63%
Pretax Margin: N/A
Return on Equity: -4.74%
Return on Assets: 2.28%

Debt

Debt-to-Equity Ratio: 76.65
Current Ratio: 0.19
Quick Ratio: 0.16

Sales & Book Value

Annual Sales: C$1.07 billion
Price / Sales: 6.68
Cash Flow: C$0.74 per share
Price / Cash Flow: 57.91
Book Value: C$54.78 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 167,610,000
Free Float: N/A
Market Cap: C$7.15 billion
Optionable: Not Optionable
Beta: 1.18

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Key Executives

Mr. Mark Kenney
CEO, Pres & Director
Mr. Scott Cryer
Chief Financial Officer
Mr. Stephen Co
VP of Accounting
Ms. Corinne Pruzanski
Gen. Counsel & Corp. Sec.
Ms. Jodi Lieberman
Chief HR Officer

Key Competitors

View All Competitors

CAR.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Apartment Properties REIT stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Apartment Properties REIT in the last year. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CAR.UN shares.
View CAR.UN analyst ratings or view top-rated stocks.
What is Canadian Apartment Properties REIT's stock price target for 2024?: 12 analysts have issued 12-month target prices for Canadian Apartment Properties REIT's shares. Their CAR.UN share price targets range from C$53.50 to C$62.00. On average, they expect the company's share price to reach C$57.10 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price.
View analysts price targets for CAR.UN or view top-rated stocks among Wall Street analysts.
How have CAR.UN shares performed in 2024?: Canadian Apartment Properties REIT's stock was trading at C$48.80 at the start of the year. Since then, CAR.UN shares have decreased by 12.6% and is now trading at C$42.67.
View the best growth stocks for 2024 here.
Is Canadian Apartment Properties REIT a good dividend stock?: Canadian Apartment Properties REIT (TSE:CAR.UN) pays an annual dividend of C$1.45 per share and currently has a dividend yield of 3.26%.
Read our dividend analysis for CAR.UN.

What ETFs hold Canadian Apartment Properties REIT's stock?: ETFs with the largest weight of Canadian Apartment Properties REIT (TSE:CAR.UN) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), Invesco Real Assets ESG ETF (IVRA), X-trackers International Real Estate ETF (HAUZ), SPDR Dow Jones International Real Estate ETF (RWX), IQ CBRE NextGen Real Estate ETF (ROOF) and Schwab International Small-Cap Equity ETF (SCHC).Vanguard FTSE All-World ex-US Small-Cap ETF (VSS).
How do I buy shares of Canadian Apartment Properties REIT?: Shares of CAR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CAR.UN) was last updated on 4/20/2024 by MarketBeat.com Staff

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Canadian Apartment Properties REIT (CAR.UN) Stock Price, News & Analysis

Canadian Apartment Properties REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Apartment Properties REIT Stock (TSE:CAR.UN)

CAR.UN Stock Price History

CAR.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CAR.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™